Between 1999-2000 and 2000-01, State taxation revenue decreased and current grants and subsidies increased, as a result of the cessation of some State taxes in conjunction with the implementation of the Commonwealth GST.
STATE TOTAL PUBLIC SECTOR OPERATING STATEMENT, Tasmania
|
| | | | 1998-99 | 1999-2000 | 2000-01 |
| | | | | | |
Item | $m | $m | $m |
|
| GFS Revenue | | | |
| | Taxation revenue | 618 | 654 | 516 |
| | Current grants and subsidies | 1,111 | 1,227 | 1,555 |
| | Sales of goods and services | 1,277 | 1,298 | 1,271 |
| | Interest income | 133 | 202 | 276 |
| | Other | 150 | 213 | 163 |
| | Total | 3,289 | 3,594 | 3,780 |
| | | | | | |
less | | | |
| GFS Expenses | | | |
| | Gross operating expenses | | | |
| | | Depreciation | 241 | 298 | 311 |
| | | Employee expenses | 1,242 | 1,266 | 1,362 |
| | | Other operating expenses | 1,016 | 1,045 | 1,076 |
| | | Total | 2,498 | 2,610 | 2,748 |
| | | | | | |
| | Nominal superannuation interest expenses | 69 | 68 | 67 |
| | Other interest expenses | 406 | 429 | 440 |
| | Current grants and transfers | 224 | 254 | 351 |
| | Capital grants and transfers | 9 | 14 | 3 |
| | Total | 3,206 | 3,375 | 3,609 |
| | | | | | |
equals | | | |
| GFS Net Operating Balance | 83 | 219 | 172 |
| | | | | | |
less | | | |
| Net acquisition of non-financial assets | 28 | -53 | -69 |
equals | | | |
| GFS Net Lending(+)/Borrowing(-) | 56 | 272 | 241 |
Source: Government Finance Statistics, Australia (Cat. no. 5512.0) and ABS data available on request, Government Finance Statistics Collection. |