MARCH QUARTER 2013 KEY FIGURES: ALL LEVELS OF GOVERNMENT


In the March quarter 2013:

• Taxation revenue decreased 2.9% to $102,527m.
• General government sector expenditure exceeded revenue resulting in a GFS net operating balance of –$4,676m.
• The GFS net lending(+)/borrowing(–) position for the general government sector was –$7,967m.

			Dec Qtr 2012	Mar Qtr 2013(a)	Dec Qtr 2012 to Mar Qtr 2013(a)
			$m	$m	% change
Current Prices
Taxation revenue
	General government		105 559	102 527	–2.9
Total revenue
	General government		130 635	126 216	–3.4
	Public Non–Financial corporations		18 969	19 899	4.9
Total expenses
	General government		133 128	130 892	–1.7
	Public Non–Financial corporations		19 860	19 575	–1.4
GFS Net operating balance
	General government		–2 493	–4 676	. .
	Public Non–Financial corporations		–891	324	. .
GFS Net lending(+)/borrowing(–)
	General government		–7 797	–7 967	. .
	Public Non–Financial corporations		–8 483	–2 081	. .

. . not applicable
(a) Due to delays in supply from the Victorian Department of Treasury and Finance (Victorian DTF), Victorian General Government data for the March Quarter 2013 has been estimated by the ABS using best available sources with assistance from the Victorian DTF. These estimates should be interpreted with care.


QUARTERLY NATIONAL ACCOUNTS PUBLIC SECTOR MEASURES – KEY FIGURES

The table below includes the key public sector aggregates for the March quarter 2013 which will be included in the Australian National Accounts: National Income, Expenditure and Product (cat. no. 5206.0). The key figures shown include Government Final Consumption Expenditure for general government and Gross Fixed Capital Formation for general government and public corporations, seasonally adjusted in current prices and chain volume terms.

In the March quarter 2013:

• In seasonally adjusted chain volume terms, total general government final consumption expenditure increased by $353m, a rise of 0.5% compared with December quarter 2012.
• Total general government gross fixed capital formation, in seasonally adjusted chain volume terms, increased by 3.9%.

			Jun Qtr 2012	Sep Qtr 2012	Dec Qtr 2012	Mar Qtr 2013(c)	Dec Qtr 2012 to Mar Qtr 2013(c)
			$m	$m	$m	$m	% change
Current Prices
General government final consumption expenditure (a)
	National – defence		5 939	6 189	6 241	6 215	–0.4
	National – non-defence		21 701	20 444	20 491	20 756	1.3
	Total national		27 640	26 634	26 732	26 971	0.9
	State and local		40 778	40 595	40 761	40 820	0.1
	Total general government final consumption expenditure		68 418	67 229	67 494	67 791	0.4
Public gross fixed capital formation
	General government
		National – defence	2 150	1 118	1 057	1 369	29.4
		National – non–defence	2 169	2 390	2 491	2 244	–9.9
		Total national	4 319	3 507	3 549	3 613	1.8
		State and local	9 090	7 840	8 085	8 454	4.6
		Total general government	13 410	11 347	11 634	12 067	3.7
	Public corporations
		Commonwealth	922	1175	1 150	1 269	10.4
		State and local	3 956	4832	8 130	4 547	–44.1
		Total public corporations	4 879	6007	9 280	5 816	–37.3
	Total public gross fixed capital formation		18 288	17354	20 914	17 883	–14.5
Memorandum item
	Net purchases of second–hand assets by public sector		–2 298	57	4 524	646	–85.7
Chain Volume (b)
General government final consumption expenditure (a)
	National – defence		5 852	6 066	6 091	6 050	–0.7
	National – non-defence		20 554	19 772	19 697	19 960	1.3
	Total national		26 406	25 837	25 789	26 010	0.9
	State and local		39 818	39 761	39 533	39 664	0.3
	Total general government final consumption expenditure		66 224	65 599	65 322	65 675	0.5
Public gross fixed capital formation
	General government
		National – defence	2 288	1 187	1 117	1 444	29.2
		National – non-defence	2 170	2 388	2 499	2 243	–10.3
		Total national	4 458	3 575	3 617	3 687	1.9
		State and local	8 970	7 742	7 983	8 361	4.7
		Total general government	13 428	11 317	11 599	12 048	3.9
	Public corporations
		Commonwealth	937	1 202	1 170	1 300	11.1
		State and local	3 801	4 739	8 251	4 450	–46.1
		Total public corporations	4 739	5 941	9 421	5 750	–39.0
	Total public gross fixed capital formation		18 167	17 258	21 021	17 798	–15.3
Memorandum item
	Net purchases of second–hand assets by public sector		–2 316	59	4 673	654	–86.0

(a) See paragraph 35 of the Explanatory Notes for the relationship between general government final consumption expenditure and GFS aggregates.
(b) Reference year for chain volume measures is 2010–11.
(c) Due to delays in supply from the Victorian Department of Treasury and Finance (Victorian DTF), Victorian General Government data for the March Quarter 2013 has been estimated by the ABS using best available sources with assistance from the Victorian DTF. These estimates should be interpreted with care.


MARCH QUARTER 2013 GFS RELEASE

This release presents quarterly government finance statistics on an accrual accounting basis. All tables are presented in GFS operating statement format and are for the general government sector, with the exception of Table 2 which presents data for the public non–financial corporations sector.

Quarterly GFS are released for the current financial year only, other than in the September quarter, when the quarters of the previous financial year are presented. Users requiring data for earlier periods should consult Government Finance Statistics, Australia (cat. no. 5512.0). The latest issue (2011–12) was released on 30 April 2013. Final annual GFS results for 2012–13 are scheduled for release by the ABS in April 2014.

Due to delays in supply from the Victorian Department of Treasury and Finance (Victorian DTF), Victorian General Government data for the March Quarter 2013 has been estimated by the ABS using best available sources with assistance from the Victorian DTF. This data is used in compiling the tables contained in the Main Features, Table 1 All Levels of Government - General Government, and Table 4 Total State and Local. These estimates should be interpreted with care.

Table	Sep 12	Dec 12	Mar 13
Table 1 All Levels of Government - General Government	*	*	*
Table 2 All Levels of Government - Public Non-Financial Corporations	*	*	*
Table 3 Commonwealth Government	*	*	*
Table 4 Total State & Local	*	*	*
Table 5 New South Wales	*	*
Table 6 Victoria	*	*
Table 7 Queensland	*	*
Table 8 South Australia	*	*
Table 9 Western Australia	*	*
Table 10 Tasmania	*	*
Table 11 Northern Territory	*	*
Table 12 Australian Capital Territory	*	*

LARGE CAPITAL PROJECTS

The public non-financial corporations sector took ownership of some large capital projects that were completed during the December quarter 2012.


EMISSIONS REDUCTION SCHEMES

The ABS released an Information Paper: Recording Emissions Reduction Schemes in ABS Statistics (cat. no. 5257.0.55.001) on 30 July 2012. This information paper summarises the nature and statistical treatment of emissions permit measures introduced under the Clean Energy Act 2011 and other greenhouse gas schemes currently in operation in Australia (including the Commonwealth Renewable Energy Target (RET) and the Carbon Farming Initiative).

The Australian System of Government Finance Statistics: Concepts, Sources and Methods (cat. no. 5514.0) was updated on 20 November 2012 to include details of the ABS implementation of emission reduction schemes in GFS.

Emission reduction scheme data are included in relevant GFS aggregates commencing with the September quarter 2012, with data for the Renewable Energy Certificates issued under the RET backcast in the time series. Separate data series for emission reduction schemes are not available.


FORTHCOMING ISSUES

The release of GFS quarterly data is usually coordinated to be the day before the respective issue of Australian National Accounts: National Income, Expenditure and Product (cat. no. 5206.0). The scheduled release dates for the next two issues are:

Issue	5519.0.55.001	5206.0
June 2013 September 2013	3 September 2013 3 December 2013	4 September 2013 4 December 2013

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070, email <client.services@abs.gov.au> or Jon Shaw on Brisbane (07) 3222 6054, email <public.finance@abs.gov.au>