SEPTEMBER QUARTER 2014 KEY FIGURES: ALL LEVELS OF GOVERNMENT


In the September quarter 2014:

• Taxation revenue decreased 15.1% to $99,763m from $117,469m in the June quarter 2014.
• General government sector expenses exceeded revenue resulting in a GFS net operating balance of –$19,288m.
• The GFS net lending(+)/borrowing(–) position for the general government sector was –$22,035m.

			Jun Qtr 2014	Sep Qtr 2014	Jun Qtr 2014 to Sep Qtr 2014
			$m	$m	% change
Current Prices
Taxation revenue
	General government		117 469	99 763	–15.1
Total revenue
	General government		147 057	126 134	–14.2
	Public Non–Financial corporations		20 494	19 890	–2.9
Total expenses
	General government		143 874	145 421	1.1
	Public Non–Financial corporations		22 636	19 345	–14.5
GFS Net operating balance
	General government		3 182	–19 288	. .
	Public Non–Financial corporations		–2 142	545	. .
GFS Net lending(+)/borrowing(–)
	General government		–5 888	–22 035	. .
	Public Non–Financial corporations		–3 393	–556	. .

. . not applicable


QUARTERLY NATIONAL ACCOUNTS PUBLIC SECTOR MEASURES – KEY FIGURES

The table below includes the key public sector aggregates for the September quarter 2014 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 2014:

• In seasonally adjusted chain volume terms, total general government final consumption expenditure increased by $574m, a rise of 0.8% compared with the June quarter 2014.
• In seasonally adjusted chain volume terms, total general government gross fixed capital formation decreased by 8.4% compared with the June quarter 2014.

			Dec Qtr 2013	Mar Qtr 2014	Jun Qtr 2014	Sep Qtr 2014	Jun Qtr 2014 to Sep Qtr 2014
			$m	$m	$m	$m	% change
Current Prices
General government final consumption expenditure (a)
	National – defence		5 583	5 839	5 888	5 813	–1.3
	National – non-defence		22 262	22 323	22 158	22 655	2.2
	Total national		27 845	28 162	28 046	28 468	1.5
	State and local		41 978	41 680	42 954	43 046	0.2
	Total general government final consumption expenditure		69 824	69 842	71 000	71 514	0.7
Public gross fixed capital formation
	General government
		National – defence	1 822	1 558	1 681	1 223	–27.2
		National – non–defence	2 233	2 256	2 450	2 798	14.2
		Total national	4 055	3 815	4 132	4 021	–2.7
		State and local	8 951	9 563	9 978	8 899	–10.8
		Total general government	13 007	13 377	14 110	12 920	–8.4
	Public corporations
		Commonwealth	1 406	1 368	1 658	1 278	–22.9
		State and local	5 546	4 320	3 022	3 708	22.7
		Total public corporations	6 952	5 688	4 680	4 986	6.5
	Total public gross fixed capital formation		19 959	19 065	18 790	17 906	–4.7
Memorandum item
	Net purchases of second–hand assets by public sector		1 397	497	–282	644	np
Chain Volume (b)
General government final consumption expenditure (a)
	National – defence		5 439	5 652	5 648	5 552	–1.7
	National – non-defence		21 570	21 658	21 344	21 810	2.2
	Total national		27 009	27 309	26 993	27 362	1.4
	State and local		41 876	41 811	42 406	42 611	0.5
	Total general government final consumption expenditure		68 885	69 120	69 399	69 973	0.8
Public gross fixed capital formation
	General government
		National – defence	1 731	1 478	1 575	1 147	–27.2
		National – non-defence	2 239	2 264	2 467	2 812	14.0
		Total national	3 970	3 742	4 042	3 959	–2.0
		State and local	8 934	9 516	9 912	8 820	–11.0
		Total general government	12 904	13 258	13 954	12 779	–8.4
	Public corporations
		Commonwealth	1 400	1 347	1 629	1 264	–22.4
		State and local	5 447	4 260	2 976	3 691	24.0
		Total public corporations	6 848	5 607	4 606	4 955	7.6
	Total public gross fixed capital formation		19 752	18 866	18 560	17 734	–4.4
Memorandum item
	Net purchases of second-hand assets by public sector		1 358	476	–238	610	np

np not available for publication but included in totals where applicable, unless otherwise indicated
(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 2012–13.


SEPTEMBER QUARTER 2014 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 (2012–13) was released on 28 May 2014. Final annual GFS results for 2013–14 are scheduled for release by the ABS in May 2015.

Table		Sep 13	Dec 13	Mar 14	Jun 14	Sep 14
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		*	*	*	*

ABOLITION OF THE CARBON TAX

The carbon tax repeal legislation received Royal Assent on Thursday, 17 July 2014 and the bills as part of this package are now law, with effect from 1 July 2014. The carbon tax repeal decreased taxation revenue on the GFS Commonwealth General Government operating statement by approximately $1.6b in the September 2014 quarter. Further information on the treatment of emissions schemes in ABS GFS data can be found in the ABS GFS Manual.


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 2014 March 2015	3 March 2015 2 June 2015	4 March 2015 3 June 2015

INQUIRIES

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