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The net worth of the general government sector increased over the period 1998-99 to 2000-01. The major contributors to the growth were the increase in the general government sector's equity in the public non-financial corporations sector, and the decrease in net debt. Net debt is calculated as the sum of liabilities in the form deposits held, advances received and borrowing, less assets in the form of cash and deposits, advances paid, and investments loans and placements.

STATE GENERAL GOVERNMENT BALANCE SHEET, Tasmania
			1998-99	1999-2000	2000-01
Purpose			$m	$m	$m
Assets
	Financial Assets
		Cash and Deposits	441	662	808
		Advances paid	251	184	149
		Investments, loans and placements	10	1	1
		Other non-equity assets	73	71	91
		Equity	3,191	3,512	3,666
		Total	3,966	4,430	4,715
	Non-financial assets
		Land and fixed assets	5,509	5,564	5,511
		Other non-financial assets	2	2	5
		Total	5,510	5,566	5,516
	Total		9,476	9,996	10,232
Liabilities
	Deposits held		31	17	20
	Advances received		614	475	360
	Borrowing		1,589	1,499	1,532
	Unfunded superannuation and other employee entitlements		1,924	1,899	2,014
	Other provisions		-	-	1
	Other non-equity liabilities		123	119	105
	Total		4,282	4,008	4,032
GFS Net Worth			5,194	5,988	6,200
Net Debt			1,532	1,143	953
Net financial worth			-316	422	684
- nil or rounded to zero Source: Government Finance Statistics, Australia (Cat. no. 5512.0) and ABS data available on request, Government Finance Statistics Collection.