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15/12/2009 Note: The Main Features have been updated to include the Quarterly National Accounts Public Sector Measures - Key Figures. The table was not included in the publication released 1 December 2009 due to the September quarter National Accounts publication being delayed to accommodate the introduction of SNA08.

CHANGES TO THIS RELEASE

Australian Government Finance Statistics (GFS) are based on international standards set out in the System of National Accounts 1993 (SNA93) and the International Monetary Fund's Government Finance Statistics Manual 2001 (GFSM2001). The System of National Accounts has recently been updated and the System of National Accounts 2008 (SNA08) was endorsed by the United Nations Statistical Commission in February 2009. SNA08 will be implemented in Australia's National Accounts from September quarter 2009 but this has only resulted in one change to the ABS' compilation of GFS. Defence Weapons Platforms (DWP) have been capitalised to align with the SNA08 from this issue and time series have been revised. This change will affect the Commonwealth General Government Operating Statement, Cash Flow Statement and Balance Sheet.

DWPs are the structural systems from which destructive weapons such as missiles, bombs and torpedoes are launched or fired. They include submarines, warships, fighter planes and tanks. SNA93 classified expenditures on DWPs as Government Final Consumption Expenditure. This meant that purchases of military equipment such as fighter planes and submarines were not seen as providing any ongoing services beyond the period in which they were purchased. SNA08 has expanded the asset boundary used in national income accounting to include DWPs as capital expenditure. This brings the treatment of defence expenditure into line with capital formation in other industries. All expenditure on DWPs that have an anticipated ongoing use (longer than a year) will be recorded as gross fixed capital formation. Expenditure on 'disposable' military equipment such as bullets will continue to be recorded as inventories.

The GFSM2001 is expected to be revised in the future to reflect the SNA08, the timing of which is unknown at this stage.

MAIN FEATURES


SEPTEMBER QUARTER 2009 KEY FIGURES: ALL LEVELS OF GOVERNMENT

June quarter 2009 to September quarter 2009 movements (in original terms) -

• Taxation revenue decreased 23% to $71,908m.
• The GFS net operating balance for the general government sector decreased to $-15,332m.
• The GFS net lending(+)/borrowing(-) position for the general government sector for September 2009 is $-18,609m.

			June Qtr 2009	Sept Qtr 2009	June Qtr 2009 to Sept Qtr 2009
			$m	$m	% change
Current Prices
Taxation revenue
	General government		93 869	71 908	-23.4
Total revenue
	General government		114 061	96 991	-15.0
	Public Non-Financial corporations		16 572	15 992	-3.5
Total expenses
	General government		125 534	112 323	-10.5
	Public Non-Financial corporations		15 811	14 249	-9.9
GFS Net operating balance
	General government		-11 473	-15 332	..
	Public Non-Financial corporations		761	1 742	..
GFS Net lending(+)/borrowing(-)
	General government		-19 277	-18 609	..
	Public Non-Financial corporations		-5 157	-1 596	..

• In seasonally adjusted chain volume terms, total general government final consumption expenditure increased by $360m, a rise of 0.7% compared with June quarter 2009.
• General government gross fixed capital formation, in seasonally adjusted chain volume terms, increased by 6.7%.

			Dec Qtr 2008	Mar Qtr 2009	Jun Qtr 2009	Sep Qtr 2009	Jun Qtr 2009 to Sep Qtr 2009
			$m	$m	$m	$m	% change
Current Prices
General government final consumption expenditure (a)
	National - defence		4 685	4 609	4 678	4 800	2.6
	National - non-defence		16 185	16 299	15 992	16 233	1.5
	Total national		20 870	20 908	20 670	21 033	1.8
	State and local		32 801	33 479	34 247	34 856	1.8
	Total general government final consumption expenditure		53 671	54 387	54 917	55 889	1.8
Public gross fixed capital formation
	General government
		National - defence	1 617	1 495	1 247	1449	16.2
		National - non-defence	1 708	1 637	1 647	1 545	-6.2
		Total national	3 325	3 132	2 893	2 994	3.5
		State and local	7 098	6 654	6 859	7 316	6.7
		Total general government	10 423	9 785	9 752	10 310	5.7
	Public corporations
		Commonwealth	376	337	339	497	46.5
		State and local	5 865	5 623	5 400	5 479	1.5
		Total public corporations	6 242	5 960	5 739	5 976	4.1
	Total public gross fixed capital formation		16 664	15 746	15 491	16 286	5.1
Memorandum item
	Net purchases of second-hand assets by public sector		-117	-281	-424	-146	..
Chain Volume (b)
General government final consumption expenditure (a)
	National - defence		4 452	4 353	4 399	4 489	2.0
	National - non-defence		15 724	15 667	15 744	15 817	0.5
	Total national		20 175	20 020	20 144	20 306	0.8
	State and local		31 516	31 823	32 207	32 404	0.6
	Total general government final consumption expenditure		51 691	51 842	52 350	52 710	0.7
Public gross fixed capital formation
	General government
		National - defence	1 440	1 278	1 112	1 433	28.9
		National - non-defence	1 609	1 570	1 772	1 551	-12.5
		Total national	3 048	2 847	2 884	2 985	3.5
		State and local	6 876	6 527	6 795	7 343	8.1
		Total general government	9 925	9 374	9 680	10 327	6.7
	Public corporations
		Commonwealth	365	329	332	490	47.7
		State and local	5 925	5 801	5 892	6 067	3.0
		Total public corporations	6 290	6 130	6 224	6 557	5.4
	Total public gross fixed capital formation		16 214	15 504	15 904	16 885	6.2
Memorandum item
	Net purchases of second-hand assets by public sector		-113	-269	-412	-142	..

Table	Sep 08	Dec 08	Mar 09	Jun 09	Sep 09
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	*	*	*	*

Issue	5519.0.55.001	5206.0
December 2009	2 March 2010	3 March 2010
March 2010	1 June 2010	2 June 2010