NOTE Please note that the values previously released for Chain Volume - Net purchases of second-hand assets by public sector were incorrect and have been replaced with the correct values.

SEPTEMBER QUARTER 2013 KEY FIGURES: ALL LEVELS OF GOVERNMENT


In the September quarter 2013:

• Taxation revenue decreased 18.2% to $94,258m.
• General government sector expenditure exceeded revenue resulting in a GFS net operating balance of –$21,906m.
• The GFS net lending(+)/borrowing(–) position for the general government sector was –$24,524m.

			Jun Qtr 2013	Sep Qtr 2013	Jun Qtr 2013 to Sep Qtr 2013
			$m	$m	% change
Current Prices
Taxation revenue
	General government		115 237	94 258	–18.2
Total revenue
	General government		142 396	118 663	–16.7
	Public Non–Financial corporations		20 552	20 024	–2.6
Total expenses
	General government		138 372	140 569	1.6
	Public Non–Financial corporations		22 708	19 630	–13.6
GFS Net operating balance
	General government		4 024	–21 906	. .
	Public Non–Financial corporations		–2 156	393	. .
GFS Net lending(+)/borrowing(–)
	General government		1 606	–24 524	. .
	Public Non–Financial corporations		–564	–3 675	. .

. . not applicable


QUARTERLY NATIONAL ACCOUNTS PUBLIC SECTOR MEASURES – KEY FIGURES

The table below includes the key public sector aggregates for the September 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 September quarter 2013:

• In seasonally adjusted chain volume terms, total general government final consumption expenditure increased by $756m, a rise of 1.1% compared with June quarter 2013.
• Total general government gross fixed capital formation, in seasonally adjusted chain volume terms, decreased by 0.3%.

			Dec Qtr 2012	Mar Qtr 2013(c)	Jun Qtr 2013	Sep Qtr 2013	Jun Qtr 2013 to Sep Qtr 2013
			$m	$m	$m	$m	% change
Current Prices
General government final consumption expenditure (a)
	National – defence		5 470	5 426	5 437	5 439	–
	National – non-defence		20 752	21 496	21 721	22 137	1.9
	Total national		26 223	26 923	27 157	27 577	1.5
	State and local		41 301	41 264	41 579	41 821	0.6
	Total general government final consumption expenditure		67 523	68 186	68 736	69 398	1.0
Public gross fixed capital formation
	General government
		National – defence	962	1 275	1 195	1 555	30.2
		National – non–defence	2 338	2 128	2 263	2 301	1.7
		Total national	3 300	3 403	3 458	3 856	11.5
		State and local	8 244	8 643	8 372	7 976	–4.7
		Total general government	11 544	12 046	11 830	11 832	–
	Public corporations
		Commonwealth	1 130	1 253	1 226	1 544	26.0
		State and local	8 141	4 752	–143	4 728	. .
		Total public corporations	9 272	6 005	1 082	6 272	479.5
	Total public gross fixed capital formation		20 816	18 052	12 912	18 104	40.2
Memorandum item
	Net purchases of second–hand assets by public sector		4 574	558	–5 189	682	. .
Chain Volume (b)
General government final consumption expenditure (a)
	National – defence		5 360	5 295	5 279	5 264	–0.3
	National – non-defence		20 654	21 258	21 361	21 625	1.2
	Total national		26 014	26 553	26 640	26 889	0.9
	State and local		40 440	40 662	40 690	41 197	1.2
	Total general government final consumption expenditure		66 454	67 216	67 330	68 086	1.1
Public gross fixed capital formation
	General government
		National – defence	960	1 272	1 189	1 550	30.3
		National – non-defence	2 346	2 132	2 265	2 296	1.4
		Total national	3 305	3 404	3 454	3 846	11.3
		State and local	8 348	8 773	8 468	8 035	–5.1
		Total general government	11 653	12 177	11 923	11 881	–0.3
	Public corporations
		Commonwealth	1 134	1 262	1 235	1 551	25.6
		State and local	8 150	4 699	–225	4 627	. .
		Total public corporations	9 284	5 961	1 010	6 178	511.6
	Total public gross fixed capital formation		20 937	18 138	12 933	18 059	39.6
Memorandum item
	Net purchases of second–hand assets by public sector		4 603	564	–5 193	668	. .

. . not applicable
– nil or rounded to zero (including null cells)
(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 2011–12.
(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 have been estimated by the ABS using best available sources with assistance from the Victorian DTF. These estimates should be interpreted with care.


SEPTEMBER 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 have 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, Table 4 Total State and Local, and Table 6 Victoria, Total State and Local. These estimates should be interpreted with care.

Table	Sep 12	Dec 12	Mar 13	Jun 13	Sep 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	*	*	*	*

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
December 2013 March 2014	4 March 2014 3 June 2014	5 March 2014 4 June 2014

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>