Government Finance Statistics, Australia

Latest release

Statistics about finances of the general government and public non-financial corporations sectors for the various levels of government in Australia

Reference period
December 2024
Released
4/03/2025
  • Next Release 3/06/2025
    Government Finance Statistics, Australia, March 2025
  • Next Release 2/09/2025
    Government Finance Statistics, Australia, June 2025
  • View all releases

Key statistics

In December quarter 2024:

  • general government net operating balance rose $15.4b to -$3.5b, since September quarter 2024
  • taxation revenue rose 13.7% to $213.4b, since September quarter 2024
  • general government borrowing was $19.1b
  • total public demand is expected to contribute 0.2ppt to the quarterly change in GDP

Unless indicated, all Government Finance Statistics figures presented in this publication are current prices, original series.

Included in this publication is an Insights into Government Finance Statistics, December 2024, which examines the key stories and economic narratives of the December quarter 2024 Government Finance Statistics data.

Government Finance Statistics measures

 Mar Qtr 2024Jun Qtr 2024Sep Qtr 2024Dec Qtr 2024Sep Qtr 2024 to
Dec Qtr 2024
($m)($m)($m)($m)(% change)
Taxation revenue 
 General government193,050226,899187,612213,40313.7%
Total revenue 
 General government236,956270,170231,715252,2648.9%
 Public non-financial corporations28,49032,17429,84030,0820.8%
Total expenses 
 General government232,492256,055250,656255,7892.0%
 Public non-financial corporations28,15631,02429,55730,2332.3%
GFS Net Operating Balance 
 General government4,46414,114-18,941-3,525na
 Public non-financial corporations3341,150284-150na
GFS Net Lending (+)/Borrowing (-) 
 General government-7,906-6,603-30,975-19,095na
 Public non-financial corporations-4,190-7,152-7,195-8,600na

na indicates this value not available for publication but included in totals where applicable, unless otherwise indicated

National accounts public sector measures

The table below includes the key public sector aggregates for December quarter 2024 which will be included in the Australian National Accounts: National Income, Expenditure and Product release. The key figures shown include Total Public Demand, Government Final Consumption Expenditure for total general government and Gross Fixed Capital Formation for total general government and total public corporations, seasonally adjusted in current prices and chain volume terms.

The following are the seasonally adjusted chain volume measures based on the previous quarter (a):

  • public sector demand is expected to contribute 0.2 percentage points to the change in GDP in December quarter 2024
  • general government final consumption expenditure rose $979m (up 0.7%) and is expected to contribute 0.1 percentage points to the change in GDP in December quarter 2024
  • general government gross fixed capital formation fell $323m (down 1.2%)
  • public corporations gross fixed capital formation rose $981m (up 9.0%)
  • total public gross fixed capital formation rose $658m (up 1.8%) and is expected to contribute 0.1 percentage points to the change in GDP in December quarter 2024
  1. Contributions may not be additive due to rounding
Quarterly national accounts public sector measures, current prices, seasonally adjusted
 Mar Qtr 2024
($m)
Jun Qtr 2024
($m)
Sep Qtr 2024
($m)
Dec Qtr 2024
($m)
Sep Qtr 2024 to
Dec Qtr 2024
(% change)
General government final consumption expenditure (a) 
 National-defence12,282 12,222 12,153 12,369 1.8
 National-non-defence58,190 60,340 61,327 62,271 1.5
 Total national70,472 72,562 73,480 74,640 1.6
 State and local79,524 81,029 83,533 85,067 1.8
 Total general government final consumption expenditure149,996 153,591 157,013 159,707 1.7
Public gross fixed capital formation 
 General government 
  National-defence3,194 3,313 4,540 3,995 -12.0
  National-non-defence2,911 2,852 3,051 2,918 -4.3
  Total national6,105 6,165 7,591 6,914 -8.9
  State and local20,518 20,110 20,755 21,345 2.8
  Total general government26,623 26,275 28,346 28,259 -0.3
 Public corporations  
  Commonwealth2,776 2,681 2,833 3,072 8.4
  State and local7,453 7,829 8,694 9,536 9.7
  Total public corporations10,229 10,509 11,527 12,608 9.4
 Total public gross fixed capital formation36,852 36,784 39,873 40,867 2.5
Total public demand186,848 190,375 196,887 200,574 1.9
Memorandum item 
 Net purchases of second hand assets by public sector859 818 1,388 1,210 -12.8
 Public authorities changes in inventories (b)170 1,217 997 1,030 na

na not available for publication but included in totals where applicable, unless otherwise indicated

  1. See explanatory notes for the relationship between general government final consumption expenditure and GFS aggregates Government Finance Statistics, Australia methodology, December 2024.
  2. Includes general government, public non-financial corporations and public financial corporations

 

 

Quarterly national accounts public sector measures, chain volume (a), seasonally adjusted
 Mar Qtr 2024
($m)
Jun Qtr 2024
($m)
Sep Qtr 2024
($m)
Dec Qtr 2024
($m)
Sep Qtr 2024 to
Dec Qtr 2024
(% change)
General government final consumption expenditure (b) 
 National-defence11,670 11,494 11,333 11,439 0.9
 National-non-defence55,047 56,558 57,038 57,304 0.5
 Total national66,717 68,052 68,371 68,743 0.5
 State and local75,873 76,617 78,329 78,937 0.8
 Total general government final consumption expenditure142,590 144,668 146,700 147,679 0.7
Public gross fixed capital formation 
 General government 
  National-defence3,012 3,129 4,346 3,737 -14.0
  National-non-defence2,819 2,748 2,934 2,795 -4.8
  Total national5,830 5,877 7,280 6,532 -10.3
  State and local19,404 18,827 19,299 19,724 2.2
  Total general government25,234 24,704 26,579 26,256 -1.2
 Public corporations  
  Commonwealth2,667 2,563 2,698 2,916 8.0
  State and local7,137 7,433 8,213 8,976 9.3
  Total public corporations9,804 9,996 10,911 11,892 9.0
 Total public gross fixed capital formation35,038 34,699 37,490 38,148 1.8
Total public demand177,628 179,368 184,190 185,827 0.9
Memorandum item 
 Net purchases of second hand assets by public sector804 752 1,275 1,103 -13.5
 Public authorities changes in inventories (c)-502 735 1,286 103 na

na not available for publication but included in totals where applicable, unless otherwise indicated

  1. Reference year for chain volume measures is 2022-23
  2. See explanatory notes for the relationship between general government final consumption expenditure and GFS aggregates Government Finance Statistics, Australia methodology, December 2024.
  3. Includes general government, public non-financial corporations and public financial corporations

 

 

Public demand contribution to GDP growth

  1. Chain volume measures seasonally adjusted
  2. using the GDP series as published in the September 2024 release of Australian National Accounts: National Income, Expenditure and Product

Revisions and changes

Revisions

Divergences with government fiscal reporting

Previous catalogue number

Data downloads

Government Finance Statistics, Australia

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