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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.

Quarterly GFS are released for the current financial year only, other than in the September quarter, when the quarters of the previous year are presented. At the point of this release, the quarterly ABS GFS results reported throughout the year do not necessarily add to the annual results recently released by some jurisdictions. Final annual GFS results for 2004-05 are scheduled for release by the ABS on 29 March 2006. Users requiring data for earlier periods should consult Government Finance Statistics, Australia (cat.no. 5512.0). The latest issue (2003-04) was released on 15 April 2005.

As of this release, the ABS has introduced a change in the treatment of Fringe Benefits Tax (FBT). FBT is now treated as a tax on individuals rather than a tax on employers. As such these amounts now form part of compensation of employees in the National Accounts, and Employee Expenses in GFS, rather than as a production tax paid by employers.

This change was advised in two articles released on the ABS website as follows:

1. The article titled "Feature Article 3: Forthcoming Updated National Accounts Annual Benchmarks" was released as part of the June Quarter 2005 National Accounts publication 5206.0 on 7 September 2005.


2.The article titled "Feature Article: Updated National Accounts Annual Benchmarks" was subsequently released as part of the 2004-05 annual National Accounts publication 5204.0 on 7 November 2005.

Table	Sept 04	Dec 04	Mar 05	June 05	Sept 05
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 Australia	*	*	*	*
Table 12 Australian Capital Territory	*	*	*	*

• In original terms, taxation revenue decreased by $13,746m to $65,714m.
• The General government GFS Net operating balance, in original terms, decreased by $7,665m to $2,201m.
• In original terms, the General government GFS Net lending position decreased by $4,213m, from $6,098m to $1,885m.

						Jun qtr 2005	Sept qtr 2005	% change Jun qtr 2005 to Sept qtr 2005
						$m	$m	%
Current prices
Taxation revenue
	General government					79,460	65,714	-17.3
Total revenue
	General government					96,143	82,492	-14.2
	Public Non-Financial corporations					17,335	17,247	0.5
Total expenses
	General government					86,277	80,291	-6.9
	Public Non-Financial corporations					15,042	17,241	14.6
GFS Net operating balance
	General government					9,866	2,201	..
	Public Non-Financial corporations					2,293	6	..
GFS Net lending(+)/borrowing(-)
	General government					6,098	1,885	..
	Public Non-Financial corporations					-200	-1,159	..

• In seasonally adjusted chain volume terms, total general government final consumption expenditure decreased by 0.6% in September quarter 2005.
• General government gross fixed capital formation, in seasonally adjusted chain volume terms, decreased by 6.4% in September quarter 2005.

			Jun qtr 2005	Sept qtr 2005	% change Jun qtr 2005 to Sept qtr 2005
			$m	$m	%
Current Prices
General government final consumption expenditure (a)
	National - defence		3,833	3,804	-0.7
	National - non-defence		12,962	13,108	1.1
	Total national		16,795	16,912	0.7
	State and local		24,854	24,828	-0.1
	Total general government final consumption expenditure		41,649	41,740	0.2
Public gross fixed capital formation
	General government
		National - defence	418	308	-26.4
		National - non-defence	496	814	64.1
		Total national	914	1122	22.7
		State and local	4,169	3,662	-12.2
		Total general government	5,083	4,784	-5.9
	Public corporations
		Commonwealth	856	823	-3.8
		State and local	2,665	2,564	-3.8
		Total public corporations	3,521	3,388	-3.8
	Total public gross fixed capital formation		8,604	8,172	-5.0
Memorandum item
	Net purchases of second-hand assets by public sector		-269	-110	..
Chain Volume (b)
General government final consumption expenditure (a)
	National - defence		3,802	3,755	-1.3
	National - non-defence		12,242	12,228	-0.1
	Total national		16,044	15,983	-0.4
	State and local		23,375	23,214	-0.7
	Total general government final consumption expenditure		39,419	39,196	-0.6
Public gross fixed capital formation
	General government
		National - defence	475	351	-26.1
		National - non-defence	501	820	63.6
		Total national	977	1,171	19.9
		State and local	4,048	3,533	-12.7
		Total general government	5,025	4,704	-6.4
	Public corporations
		Commonwealth	860	833	-3.2
		State and local	2,519	2,432	-3.5
		Total public corporations	3,379	3,265	-3.4
	Total public gross fixed capital formation		8,404	7,969	-5.2
Memorandum item
	Net purchases of second-hand assets by public sector		-271	-110	..