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5519.0.55.001 - Government Finance Statistics, Australia, Jun 2008 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 02/09/2008   
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08/09/2008 Note: The Main Features are being reissued to correct two errors. The first error is in the table GFS KEY FIGURES, the column headings refer to Mar Qrt 2007 instead of Mar Qrt 2008. The second is a data error in the table QUARTERLY NATIONAL ACCOUNTS PUBLIC SECTOR MEASURES - KEY FIGURES, SEASONALLY ADJUSTED, in the second spanner headed Chain Volume the data for Mar Qtr Total public corporations the figure published as 4 842 should be 4 832.


JUNE QUARTER 2008 KEY FIGURES: ALL LEVELS OF GOVERNMENT

March quarter 2008 to June quarter 2008 movements (in original terms) -

  • Taxation revenue increased by 8.7% to $94,788m.
  • The GFS net operating balance for the general government sector decreased to $7,569m.
  • The GFS net lending(+)/borrowing(-) position for the general government sector decreased to a net lending position of $900m.
GFS KEY FIGURES: ALL LEVELS OF GOVERNMENT, ORIGINAL

Mar Qtr 2008
Jun Qtr 2008
Mar Qtr 2008 to
Jun Qtr 2008
$m
$m
% change

Current Prices
Taxation revenue
General government
87 169
94 788
8.7
Total revenue
General government
103 173
115 104
11.6
Public Non-Financial corporations
14 679
14 804
0.9
Total expenses
General government
93 731
107 535
14.7
Public Non-Financial corporations
12 574
13 471
7.1
GFS Net operating balance
General government
9 443
7 569
..
Public Non-Financial corporations
2 105
1 334
..
GFS Net lending(+)/borrowing(-)
General government
6 916
900
..
Public Non-Financial corporations
-763
-3 246
..


QUARTERLY NATIONAL ACCOUNTS PUBLIC SECTOR MEASURES - KEY FIGURES

The table below includes the key public sector aggregates for the June quarter 2008 from the national accounts publication. The key figures shown include Government Final Consumption Expenditure and Gross Fixed Capital Formation for general government and public corporations, seasonally adjusted for current prices and in chain volume terms.
  • In seasonally adjusted chain volume terms, total general government final consumption expenditure increased by 1.2% in the June quarter 2008.
  • General government gross fixed capital formation, in seasonally adjusted chain volume terms, increased by 3.1% in the June quarter 2008.
QUARTERLY NATIONAL ACCOUNTS PUBLIC SECTOR MEASURES - KEY FIGURES, SEASONALLY ADJUSTED

Sept Qtr 2007
Dec Qtr 2007
Mar Qtr 2008
Jun Qtr 2008
Mar Qtr 2008 to Jun Qtr 2008
$m
$m
$m
$m
% change

Current Prices
General government final consumption expenditure (a)
National - defence
4 293
4 604
4 626
4 862
5.1
National - non-defence
14 887
15 415
15 471
15 676
1.3
Total national
19 180
20 020
20 097
20 538
2.2
State and local
29 257
29 624
30 097
30 837
2.5
Total general government final consumption expenditure
48 437
49 644
50 194
51 375
2.4
Public gross fixed capital formation
General government
National - defence
353
319
925
491
-46.9
National - non-defence
1 059
1 138
1 134
1 245
9.8
Total national
1 413
1 457
2 059
1 736
-15.7
State and local
5 015
5 727
5 616
6 396
13.9
Total general government
6 428
7 184
7 675
8 131
5.9
Public corporations
Commonwealth
240
268
302
208
-31.3
State and local
4 682
4 712
4 922
5 104
3.7
Total public corporations
4 921
4 980
5 225
5 311
1.7
Total public gross fixed capital formation
11 349
12 164
12 900
13 443
4.2
Memorandum item
Net purchases of second-hand assets by public sector
-197
-285
-155
-415
..

Chain Volume (b)
General government final consumption expenditure (a)
National - defence
4 056
4 339
4 275
4 383
2.5
National - non-defence
13 986
14 139
14 203
14 276
0.5
Total national
18 042
18 479
18 478
18 659
1.0
State and local
27 245
27 454
27 724
28 087
1.3
Total general government final consumption expenditure
45 288
45 933
46 202
46 746
1.2
Public gross fixed capital formation
General government
National - defence
394
367
1 022
553
-45.9
National - non-defence
1 055
1 124
1 144
1 226
7.1
Total national
1 449
1 491
2 166
1 779
-17.9
State and local
4 799
5 414
5 269
5 890
11.8
Total general government
6 248
6 905
7 435
7 669
3.1
Public corporations
Commonwealth
225
254
288
194
-32.6
State and local
4 326
4 387
4 543
4 693
3.3
Total public corporations
4 551
4 641
4 832
4 888
1.2
Total public gross fixed capital formation
10 800
11 546
12 267
12 557
2.4
Memorandum item
Net purchases of second-hand assets by public sector
-194
-283
-160
-401
..

(a) See paragraph 32 of the Explanatory Notes for the relationship between general government final consumption expenditure and GFS aggregates.
(b) Reference year for chain volume measures is 2005-06.


JUNE QUARTER 2008 GFS RELEASE

This release presents quarterly government finance statistics (GFS) on an accrual accounting basis. All tables are presented in GFS operating statement format and are for the general government sector, with the exception of Table 2 which presents data for the public non-financial corporations sector.

Quarterly GFS are released for the current financial year only, other than in the September and December quarters, when the quarters of the previous financial year are presented. Users requiring data for earlier periods should consult
Government Finance Statistics, Australia (cat.no. 5512.0). The latest issue (2006-07) was released on 15 April 2008. Final annual GFS results for 2007-08 are scheduled for release by the ABS in April 2009.

RELEASE OF QUARTERLY GFS THIS ISSUE

Table
Sept 07
Dec 07
Mar 08
Jun 08
Table 1 All Levels of Government - General Government
*
*
*
*
Table 2 All Levels of Government - Public Non-Financial Corporations
*
*
*
*
Table 3 Commonwealth Government
*
*
*
Table 4 Total State & Local
*
*
*
Table 5 New South Wales
*
*
*
Table 6 Victoria
*
*
*
Table 7 Queensland
*
*
*
Table 8 South Australia
*
*
*
Table 9 Western Australia
*
*
*
Table 10 Tasmania
*
*
*
Table 11 Northern Territory
*
*
*
Table 12 Australian Capital Territory
*
*
*
FORTHCOMING ISSUES

The release of GFS quarterly data is usually coordinated to be the day before the respective issue of Australian National Accounts: National Income, Expenditure and Product (cat. no. 5206.0). The scheduled release dates for the September, December quarters 2008 and March 2009 issues are:

Issue5519.0.55.0015206.0
September 20082 December 20083 December 2008
December 20083 March 20094 March 2009
March 20092 June 20093 June 2009

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070, email <client.services@abs.gov.au> or Katrina Watts on Canberra (02) 6252 5555, email <public.finance@abs.gov.au>.

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