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5519.0.55.001 - Government Finance Statistics, Australia, September Quarter 2009 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 01/12/2009   
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15/12/2009 Note: The Main Features have been updated to include the Quarterly National Accounts Public Sector Measures - Key Figures. The table was not included in the publication released 1 December 2009 due to the September quarter National Accounts publication being delayed to accommodate the introduction of SNA08.


CHANGES TO THIS RELEASE

Australian Government Finance Statistics (GFS) are based on international standards set out in the System of National Accounts 1993 (SNA93) and the International Monetary Fund's Government Finance Statistics Manual 2001 (GFSM2001). The System of National Accounts has recently been updated and the System of National Accounts 2008 (SNA08) was endorsed by the United Nations Statistical Commission in February 2009. SNA08 will be implemented in Australia's National Accounts from September quarter 2009 but this has only resulted in one change to the ABS' compilation of GFS. Defence Weapons Platforms (DWP) have been capitalised to align with the SNA08 from this issue and time series have been revised. This change will affect the Commonwealth General Government Operating Statement, Cash Flow Statement and Balance Sheet.

DWPs are the structural systems from which destructive weapons such as missiles, bombs and torpedoes are launched or fired. They include submarines, warships, fighter planes and tanks. SNA93 classified expenditures on DWPs as Government Final Consumption Expenditure. This meant that purchases of military equipment such as fighter planes and submarines were not seen as providing any ongoing services beyond the period in which they were purchased. SNA08 has expanded the asset boundary used in national income accounting to include DWPs as capital expenditure. This brings the treatment of defence expenditure into line with capital formation in other industries. All expenditure on DWPs that have an anticipated ongoing use (longer than a year) will be recorded as gross fixed capital formation. Expenditure on 'disposable' military equipment such as bullets will continue to be recorded as inventories.

The GFSM2001 is expected to be revised in the future to reflect the SNA08, the timing of which is unknown at this stage.

MAIN FEATURES


SEPTEMBER QUARTER 2009 KEY FIGURES: ALL LEVELS OF GOVERNMENT

June quarter 2009 to September quarter 2009 movements (in original terms) -

  • Taxation revenue decreased 23% to $71,908m.
  • The GFS net operating balance for the general government sector decreased to $-15,332m.
  • The GFS net lending(+)/borrowing(-) position for the general government sector for September 2009 is $-18,609m.
GFS KEY FIGURES: ALL LEVELS OF GOVERNMENT, ORIGINAL

June Qtr 2009
Sept Qtr 2009
June Qtr 2009 to
Sept Qtr 2009
$m
$m
% change

Current Prices
Taxation revenue
General government
93 869
71 908
-23.4
Total revenue
General government
114 061
96 991
-15.0
Public Non-Financial corporations
16 572
15 992
-3.5
Total expenses
General government
125 534
112 323
-10.5
Public Non-Financial corporations
15 811
14 249
-9.9
GFS Net operating balance
General government
-11 473
-15 332
..
Public Non-Financial corporations
761
1 742
..
GFS Net lending(+)/borrowing(-)
General government
-19 277
-18 609
..
Public Non-Financial corporations
-5 157
-1 596
..



QUARTERLY NATIONAL ACCOUNTS PUBLIC SECTOR MEASURES - KEY FIGURES

The table below includes the key public sector aggregates for the September quarter 2009 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 the September quarter 2009:
  • In seasonally adjusted chain volume terms, total general government final consumption expenditure increased by $360m, a rise of 0.7% compared with June quarter 2009.
  • General government gross fixed capital formation, in seasonally adjusted chain volume terms, increased by 6.7%.
QUARTERLY NATIONAL ACCOUNTS PUBLIC SECTOR MEASURES - KEY FIGURES, SEASONALLY ADJUSTED

Dec Qtr 2008
Mar Qtr 2009
Jun Qtr 2009
Sep Qtr 2009
Jun Qtr 2009 to
Sep Qtr 2009
$m
$m
$m
$m
% change

Current Prices
General government final consumption expenditure (a)
National - defence
4 685
4 609
4 678
4 800
2.6
National - non-defence
16 185
16 299
15 992
16 233
1.5
Total national
20 870
20 908
20 670
21 033
1.8
State and local
32 801
33 479
34 247
34 856
1.8
Total general government final consumption expenditure
53 671
54 387
54 917
55 889
1.8
Public gross fixed capital formation
General government
National - defence
1 617
1 495
1 247
1449
16.2
National - non-defence
1 708
1 637
1 647
1 545
-6.2
Total national
3 325
3 132
2 893
2 994
3.5
State and local
7 098
6 654
6 859
7 316
6.7
Total general government
10 423
9 785
9 752
10 310
5.7
Public corporations
Commonwealth
376
337
339
497
46.5
State and local
5 865
5 623
5 400
5 479
1.5
Total public corporations
6 242
5 960
5 739
5 976
4.1
Total public gross fixed capital formation
16 664
15 746
15 491
16 286
5.1
Memorandum item
Net purchases of second-hand assets by public sector
-117
-281
-424
-146
..

Chain Volume (b)
General government final consumption expenditure (a)
National - defence
4 452
4 353
4 399
4 489
2.0
National - non-defence
15 724
15 667
15 744
15 817
0.5
Total national
20 175
20 020
20 144
20 306
0.8
State and local
31 516
31 823
32 207
32 404
0.6
Total general government final consumption expenditure
51 691
51 842
52 350
52 710
0.7
Public gross fixed capital formation
General government
National - defence
1 440
1 278
1 112
1 433
28.9
National - non-defence
1 609
1 570
1 772
1 551
-12.5
Total national
3 048
2 847
2 884
2 985
3.5
State and local
6 876
6 527
6 795
7 343
8.1
Total general government
9 925
9 374
9 680
10 327
6.7
Public corporations
Commonwealth
365
329
332
490
47.7
State and local
5 925
5 801
5 892
6 067
3.0
Total public corporations
6 290
6 130
6 224
6 557
5.4
Total public gross fixed capital formation
16 214
15 504
15 904
16 885
6.2
Memorandum item
Net purchases of second-hand assets by public sector
-113
-269
-412
-142
..

(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 2007-08.


SEPTEMBER QUARTER 2009 GFS RELEASE

This release presents quarterly government finance statistics 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.

In the September quarter, data are presented for the quarters of the previous financial year in addition to that for the current quarter. No September 2009 quarter data for the individual state and territory jurisdictions are presented. It should be noted that the quarterly ABS GFS data, including that presented in this publication, are based on preliminary data provided by jurisdictions throughout the year. For this reason, the four quarters of the previous financial year will not necessarily sum to the final financial year results recently released by some jurisdictions.


Users requiring data for earlier periods should consult Government Finance Statistics, Australia (cat.no. 5512.0). The latest issue (2007-08) was released on 14 April 2009. Final annual GFS results for 2008-09 are scheduled for release by the ABS in April 2010.

RELEASE OF QUARTERLY GFS THIS ISSUE

Table
Sep 08
Dec 08
Mar 09
Jun 09
Sep 09
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 December quarters 2008 and March 2009 issues are:

Issue5519.0.55.0015206.0
December 20092 March 20103 March 2010
March 20101 June 20102 June 2010
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 Larissa Fischer on Canberra (02) 6252 5392, email <public.finance@abs.gov.au>


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