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ABOUT THIS ELECTRONIC RELEASE

This electronic release presents quarterly government finance statistics (GFS) on an accrual accounting basis.

All tables are presented in GFS operating statement format for the general government sector, with the exception of Table 2 which presents data for the public non financial corporations sector. Tables 1 to 4 provide quarterly GFS from the June quarter 2003 to the September quarter 2004. Tables 5 to 12 show, for each state and territory, total state and local quarterly GFS from the June quarter 2003 to the June quarter 2004.

Table 3 for the Commonwealth general government sector contains September quarter 2004 GFS and revised 2003-04 quarterly GFS which agree in total with Commonwealth final annual GFS from the Final Budget Outcome Statement for 2003-04.

The December quarter 2004 release will contain the September quarter data for the individual state and local tables.

The December quarter 2004 issue is expected to be released on 1 March 2005 and the March quarter 2005 on 31 May 2005, one day before the release of the December quarter 2004 and March quarter 2005 National Accounts publications respectively. Users should check the ABS Release Advice closer to the date for confirmation of the release date.

The contact officer for this release is Fleming Gilfelt on Canberra (02) 6252 7501.


SEPTEMBER QUARTER 2004 KEY FIGURES: ALL LEVELS OF GOVERNMENT

September quarter 2003 to September quarter 2004 movements -

• In original terms, taxation revenue (GFS basis - see Explanatory Notes, paragraph 40) rose $5,515m to $62,476m, an increase of 9.7 per cent.

• In original terms, taxation revenue fell $7,676m to $62,476m, due mainly to decreases in taxes on income for individuals and enterprises.
• The general government GFS Net operating balance, in original terms, fell $2,627m to $929m.
• In original terms, the general government GFS Net lending position declined by $186m, from $877m to $691m.

		2002-03 (a)	2003-04 (a)		Sep qtr 2003	Jun qtr 2004	Sep qtr 2004	% change Sep qtr 2003 to Sep qtr 2004
		$m	$m		$m	$m	$m	%
Taxation revenue
	General government	237,477	256,348		56,961	70,152	62,476	9.7
Total revenue
	General government	286,586	309,738		70,933	83,254	76,495	7.8
	Public non financial corporations	59,653	61,479		14,958	15,733	15,391	2.9
Total expenses
	General government	275,120	291,829		70,500	79,698	75,566	7.2
	Public non financial corporations	57,815	56,991		14,813	13,693	15,201	2.6
GFS Net operating balance
	General government	11,467	17,910		434	3,556	929	..
	Public non financial corporations	1,839	4,487		145	2,040	190	..
GFS Net lending(+)/borrowing(-)
	General government	8,425	12,799		14	877	691	..
	Public non financial corporations	-687	1,767		161	542	-992	..

• In seasonally adjusted chain volume terms, total general government final consumption expenditure rose 1.5% in September quarter 2004.
• General government gross fixed capital formation, in seasonally adjusted chain volume terms, rose 5.9% in September quarter 2004.

						Jun qtr 2004	Sep qtr 2004	% change Jun qtr 2004 to Sep qtr 2004
						$m	$m	%
Current prices
General government final consumption expenditure (a)
	National
		Defence				3,495	3,502	0.2
		Non defence				11,604	11,788	1.6
	State and local					22,026	22,823	3.6
	Total general government					37,125	38,113	2.7
Gross fixed capital formation
	General Government					4,516	4,738	4.9
	Public corporations					2,957	3,116	5.4
Chain volume (b)
General government final consumption expenditure(a)
	National
		Defence				3,563	3,686	3.5
		Non defence				10,866	11,033	1.5
	State and local					21,389	21,630	1.1
	Total general government					35,817	36,349	1.5
Gross fixed capital formation
	General government					4,495	4,759	5.9
	Public corporations					2,965	3,117	5.1