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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). |
CASH FLOW STATEMENT
The total public sector surplus for all levels of government combined was $14,871m in 2003-04 (table 27.2). The main contributors to this result were net cash flows from operating activities of $43,559m and a net cash payment of $26,279m for investments in non-financial assets.
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). |
BALANCE SHEET
GFS Net Worth reflects the contribution of governments to the wealth of Australia. The consolidated net worth at 30 June 2004 for the total public sector for all levels of government combined was $459,167m (table 27.3).
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). |
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