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TOTAL PUBLIC SECTOR, ALL LEVELS OF GOVERNMENT COMBINED

OPERATING STATEMENT

The GFS NOB for the total public sector for levels of all government combined was $18,484 million (m) in 2003-04 and GFS Net Lending was $9,222m (table 27.1).

27.1 ALL LEVELS OF GOVERNMENT, Total public sector Operating Statement - 2003-04
		Commonwealth	Multi- jurisdictional(a)	State	Local	All levels of government(b)
		$m	$m	$m	$m	$m
	GFS Revenue	242,755	12,909	153,439	20,293	360,417
less
	GFS Expenses	234,940	12,163	114,809	18,250	341,933
equals
	Net Operating Balance	7,815	746	8,630	2,043	18,484
less
	Net acquisition of non-financial assets	606	219	6,581	1,855	9,262
equals
	GFS Net Lending(+)/Borrowing(-)	7,209	527	2,049	188	9,222
(a) The multi-jurisdictional sector contains units where jurisdiction is shared between two or more governments, or classification of a unit to a jurisdiction is otherwise unclear. The main type of units currently falling into this category are the public universities. (b) The sum of individual levels of government may not agree with total All levels of government figure due to transfers between levels of government. Source: Government Finance Statistics, Australia, 2003-04 (5512.0).

27.2 ALL LEVELS OF GOVERNMENT, Total public sector Cash Flow Statement - 2003-04
	Commonwealth	Multi- jurisdictional(a)	State	Local	All levels of government(b)
	$m	$m	$m	$m	$m
CASH FLOW STATEMENT
Cash receipts from operating activities	240,111	12,906	158,973	19,211	363,391
Cash payments for operating activities	-224,355	-11,317	-136,447	-15,022	-319,811
Net cash flows from operating activities	15,756	1,588	22,525	4,189	43,559
Net cash flows from investments in non-financial assets	-4,842	-1,082	-15,851	-4,542	-26,279
Net cash flows from investments in financial assets for policy purposes	-218	3	1,473	-1	910
Net cash flows from investments in financial assets for liquidity purposes	-9,456	-286	-7,962	-145	-16,143
Net cash flows from financing activities	-2,444	1	-401	1,008	-146
Net Increase(+)/Decrease(-) in Cash Held	-1,205	225	-215	509	1,902
SURPLUS(+)/DEFICIT(-)
Surplus(+)/Deficit(-)	9,353	367	5,970	-357	14,871
(a) The multi-jurisdictional sector contains units where jurisdiction is shared between two or more governments, or classifications of a unit to a jurisdiction is otherwise unclear. The main type of units currently falling into this category are the public universities. (b) The sum of individual levels of government may not agree with total All levels of government figure due to transfers between levels of government. Note: Negative figures denote outflows. Source: Government Finance Statistics, Australia, 2003-04 (5512.0).

27.3 ALL LEVELS OF GOVERNMENT, Total public sector Balance Sheet - 30 June 2004
		Commonwealth	Multi- jurisdictional(a)	State	Local	All levels of government(b)
		$m	$m	$m	$m	$m
Assets
	Financial assets	146,422	9,596	113,429	11,005	264,014
	Non-financial assets	68,698	22,172	446,046	172,122	709,028
	Total	215,120	31,769	559,475	183,127	937,042
Liabilities		263,744	7,323	217,157	10,403	482,179
Shares and other contributed capital		30,853	816	-	39	31,697
GFS Net Worth		-79,477	23,629	342,330	172,685	459,167
Net debt(c)		15,541	-4,773	-313	-2,767	7,688
Net financial worth(d)		-148,175	1,457	-103,716	563	-249,862
(a) The multi-jurisdictional sector contains units where jurisdiction is shared between two or more governments, or classifications of a unit to a jurisdiction is otherwise unclear. The main type of units currently falling into this category are the public universities. (b) The sum of individual levels of government may not agree with total All levels of government figure due to transfers between levels of government. (c) Equals deposits held, advances received, Reserve Bank notes on issue and borrowing less cash and deposits, advances paid, and investments, loans and placements. (d) Equals total financial assets less total liabilities less shares and other contributed capital. While Net financial worth should add across levels of government, small discrepancies may remain due to the difficulties in accurately identifying the parties and counter-parties associated with financial assets and liabilities. Source: Government Finance Statistics, Australia, 2003-04 (5512.0).