SEPTEMBER QUARTER 2012 KEY FIGURES: ALL LEVELS OF GOVERNMENT


In the September quarter 2012:

• Taxation revenue decreased 16.3% to $92,456m.
• General government sector expenditure exceeded revenue resulting in a GFS net operating balance of –$17,418m.
• The GFS net lending(+)/borrowing(–) position for the general government sector was –$19,754m.

			Jun Qtr 2012	Sep Qtr 2012	Jun Qtr 2012 to Sep Qtr 2012
			$m	$m	% change
Current Prices
Taxation revenue
	General government		110 486	92 456	–16.3
Total revenue
	General government		136 852	115 114	–15.9
	Public Non–Financial corporations		20 688	19 358	–6.4
Total expenses
	General government		140 531	132 531	–5.7
	Public Non–Financial corporations		20 677	18 183	–12.1
GFS Net operating balance
	General government		–3 679	–17 418	. .
	Public Non–Financial corporations		11	1 176	. .
GFS Net lending(+)/borrowing(–)
	General government		–14 103	–19 754	. .
	Public Non–Financial corporations		–2 867	–1 988	. .

. . not applicable

QUARTERLY NATIONAL ACCOUNTS PUBLIC SECTOR MEASURES – KEY FIGURES

The table below includes the key public sector aggregates for the September quarter 2012 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 September quarter 2012:

• In seasonally adjusted chain volume terms, total general government final consumption expenditure decreased by $238m, a fall of 0.4% compared with June quarter 2012.
• Total general government gross fixed capital formation, in seasonally adjusted chain volume terms, decreased by 18.1%.

			Dec Qtr 2011	Mar Qtr 2012	Jun Qtr 2012	Sep Qtr 2012	Jun Qtr 2012 to Sep Qtr 2012
			$m	$m	$m	$m	% change
Current Prices
General government final consumption expenditure (a)
	National – defence		5 760	5 987	5 938	6 199	4.4
	National – non-defence		19 951	20 823	21 703	21 142	–2.6
	Total national		25 711	26 810	27 641	27 341	–1.1
	State and local		39 541	40 086	40 773	40 487	–0.7
	Total general government final consumption expenditure		65 253	66 896	68 414	67 828	–0.9
Public gross fixed capital formation
	General government
		National – defence	1 939	2 422	2 145	1 102	–48.6
		National – non–defence	2 563	2 703	2 156	2 328	8.0
		Total national	4 502	5 124	4 300	3 430	–20.2
		State and local	9 594	8 005	9 023	7 520	–16.7
		Total general government	14 096	13 130	13 323	10 950	–17.8
	Public corporations
		Commonwealth	564	730	850	1 010	18.8
		State and local	4 823	5 028	3 983	4 675	17.4
		Total public corporations	5 388	5 757	4 833	5 685	17.6
	Total public gross fixed capital formation		19 484	18 887	18 156	16 635	–8.4
Memorandum item
	Net purchases of second–hand assets by public sector		777	–222	–2 298	81	. .
Chain Volume (b)
General government final consumption expenditure (a)
	National – defence		5 690	5 899	5 852	6 075	3.8
	National – non-defence		19 524	20 021	20 532	20 228	–1.5
	Total national		25 213	25 920	26 384	26 304	–0.3
	State and local		39 190	39 449	39 862	39 704	–0.4
	Total general government final consumption expenditure		64 404	65 369	66 246	66 008	–0.4
Public gross fixed capital formation
	General government
		National – defence	2 031	2 553	2 276	1 166	–48.8
		National – non-defence	2 559	2 697	2 153	2 321	7.8
		Total national	4 590	5 250	4 429	3 486	–21.3
		State and local	9 600	7 967	8 911	7 435	–16.6
		Total general government	14 190	13 218	13 340	10 921	–18.1
	Public corporations
		Commonwealth	571	738	861	1 033	20.0
		State and local	4 766	4 949	3 823	4 585	19.9
		Total public corporations	5 338	5 687	4 684	5 618	19.9
	Total public gross fixed capital formation		19 528	18 905	18 024	16 539	–8.2
Memorandum item
	Net purchases of second–hand assets by public sector		795	–223	–2 316	84	. .

. . not applicable
(a) See paragraph 37 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.


SEPTEMBER QUARTER 2012 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 (2010–11) was released on 17 April 2012. Final annual GFS results for 2011–12 are scheduled for release by the ABS in April 2013.

Table	Sep 11	Dec 11	Mar 12	Jun 12	Sep 12
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	*	*	*	*

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 this issue, 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
December 2012	5 March 2013	6 March 2013
March 2013	4 June 2013	5 June 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>