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CHANGES IN THIS ISSUE

SCOPE

This release contains general government data only. GFE releases will no longer include any Public Non-financial Corporation or Non-financial Public Sector tables. The General Government Expenses by Purpose (2 digit) table is also no longer produced. Information on expenses by purpose, and for sectors other than the general government sector for completed rather than forecast financial years will continue to be available in Government Finance Statistics, Australia (cat. no. 5512.0), released in April each year.

TABLE LAYOUTS

A single layout across all operating statements and cash flow statements has been adopted in this year's release as a result of the revised scope of the publication.

INTRODUCTION

GFE data is compiled from initial budget forecasts. It does not take account of more recently published or revised forecasts such as those contained in mid-term revisions issued by any jurisdiction. The purpose of the GFE publication is to assist users making an assessment of each jurisdiction's initial budget on a GFS basis, recognising budgets are brought down at different times in different jurisdictions.

This release contains the government financial estimates on a GFS basis for the Operating Statement and Cash Flow Statement relating to the 2004-05 financial year for each jurisdiction. It also includes consolidated results for each level of government, i.e. Commonwealth, State, Local, Multi-jurisdictional, and All levels of government.

KEY FIGURES

The summary table below presents the 2004-05 GFS Net Operating Balance and GFS Net Lending/Borrowing forward estimates for the general government sector for each level of government.

ALL LEVELS OF GOVERNMENT, OPERATING STATEMENT - 2004-05 General Government
	Commonwealth	Multi- jurisdictional (a)	State	Local	All levels of government (b)
	$m	$m	$m	$m	$m
GFS Revenue	228,274	12,499	124,003	18,480	313,686
GFS Expenses	226,846	12,003	121,863	17,824	308,553
GFS Net Operating Balance	1,429	497	2,140	656	5,133
Net acquisition of non-financial assets	148	167	3,617	964	4,896
GFS Net Lending(+)/Borrowing(-)	1,281	330	-1,477	-308	237

ALL LEVELS OF GOVERNMENT, CASH FLOW STATEMENT - 2004-05 General Government
	Commonwealth	Multi- jurisdictional (a)	State	Local	All levels of government (b)
	$m	$m	$m	$m	$m
Net cash flows from operating activities	4,445	1,517	11,838	4,102	22,546
Net cash flows from investments in non-financial assets	-2,113	-981	-9,544	-4,027	-16,666
Net cash flows from investments in financial assets for policy purposes	-1,374	-3	-658	-1	-2,139
Net cash flows from investments in financial assets for liquidity purposes	-41	-31	-2,151	-7	-2,230
Net cash flows from financing activities	-971	-190	-549	364	-1,888
Net increase(+)/decrease(-) in cash held	-54	312	-1,064	431	-376
Surplus(+)/Deficit(-)	2,324	535	2,148	67	5,720

STATE GOVERNMENTS : KEY ANALYTICAL BALANCES 2004-05
	Operating Statement		Cash Flow Statement
	GFS Net Operating Balance	GFS Net Lending (+)/ Borrowing(-)	Net increase(+)/ decrease(-) in cash held	Surplus(+)/ Deficit(-)
	$m	$m	$m	$m
New South Wales	838	-378	-48	777
Victoria	529	-658	76	153
Queensland	646	-244	-495	1,059
South Australia	115	51	-123	92
Western Australia	241	-119	-194	-72
Tasmania	-42	18	-105	97
Northern Territory	-10	-29	38	0
Australian Capital Territory	-202	-144	-214	-20
Total all states (a)	2,140	-1,477	-1,064	2,148