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5519.0.55.001 - Government Finance Statistics, Australia, June Quarter 2011 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 06/09/2011   
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JUNE QUARTER 2011 KEY FIGURES: ALL LEVELS OF GOVERNMENT


In the June quarter 2011 –

  • Taxation revenue increased 10.1% to $98,154m.
  • General government sector expenditure exceeded revenue resulting in a GFS net operating balance of -$6,304m.
  • The GFS net lending(+)/borrowing(–) position for the general government sector was -$16,249m.

GFS KEY FIGURES: ALL LEVELS OF GOVERNMENT, ORIGINAL

Mar Qtr 2011
Jun Qtr 2011
Mar Qtr 2011 to
Jun Qtr 2011
$m
$m
% change

Current Prices
Taxation revenue
General government
89 176
98 154
10.1
Total revenue
General government
110 179
121 879
10.6
Public Non–Financial corporations
16 941
19 543
15.4
Total expenses
General government
117 742
128 183
8.9
Public Non–Financial corporations
15 962
21 516
34.8
GFS Net operating balance
General government
-7 563
-6 304
..
Public Non–Financial corporations
979
-1 973
..
GFS Net lending(+)/borrowing(–)
General government
-12 284
-16 249
..
Public Non–Financial corporations
1 673
-5 566
..



QUARTERLY NATIONAL ACCOUNTS PUBLIC SECTOR MEASURES - KEY FIGURES

The table below includes the key public sector aggregates for the March quarter 2011 which will be included in the Australian National Accounts: National Income, Expenditure and Product (cat. no. 5206.0). The key figures shown include Government Final Consumption Expenditure and Gross Fixed Capital Formation for general government and public corporations, seasonally adjusted in current prices and chain volume terms.

In the June quarter 2011:
  • In seasonally adjusted chain volume terms, total general government final consumption expenditure increased by $507m, a rise of 0.9% compared with March quarter 2011.
  • General government gross fixed capital formation, in seasonally adjusted chain volume terms, decreased by 2.8%.

QUARTERLY NATIONAL ACCOUNTS PUBLIC SECTOR MEASURES - KEY FIGURES, SEASONALLY ADJUSTED

Sep Qtr 2010
Dec Qtr 2010
Mar Qtr 2011
Jun Qtr 2011
Mar Qtr 2011 to
Jun Qtr 2011
$m
$m
$m
$m
% change

Current Prices
General government final consumption expenditure (a)
National - defence
5 705
5 811
6 065
6 228
2.7
National - non-defence
18 156
18 454
18 664
18 786
0.7
Total national
23 861
24 265
24 729
25 015
1.2
State and local
38 095
37 814
37 782
38 789
2.7
Total general government final consumption expenditure
61 956
62 079
62 511
63 804
2.1
Public gross fixed capital formation
General government
National - defence
National - non-defence
2 033
2 016
1 667
2 189
31.3
Total national
2 100
2 322
3 152
2 411
-23.5
State and local
4 133
4 339
4 818
4 600
-4.5
Total general government
10 225
10 383
10 045
9 797
-2.5
14 358
14 722
14 864
14 397
-3.1
Public corporations
Commonwealth
392
408
523
513
-2.0
State and local
5 839
5 830
5 714
5 408
-5.4
Total public corporations
6 231
6 238
6 237
5 920
-5.1
Total public gross fixed capital formation
20 588
20 960
21 101
20 317
-3.7
Memorandum item
Net purchases of second-hand assets by public sector
-218
-167
-135
-349
..

Chain Volume (b)
General government final consumption expenditure (a)
National - defence
5 675
5 751
5 955
6 091
2.3
National - non-defence
17 109
17 233
17 118
17 064
-0.3
Total national
22 784
22 984
23 073
23 155
0.4
State and local
35 104
35 256
35 651
36 076
1.2
Total general government final consumption expenditure
57 887
58 241
58 725
59 232
0.9
Public gross fixed capital formation
General government
National - defence
2 419
2 414
1 988
2 685
35.1
National - non-defence
2 135
2 333
3 165
2 396
-24.3
Total national
4 554
4 748
5 153
5 081
-1.4
State and local
10 360
10 488
10 169
9 811
-3.5
Total general government
14 914
15 236
15 322
14 893
-2.8
Public corporations
Commonwealth
409
429
549
543
-1.0
State and local
5 819
5 757
5 608
5 231
-6.7
Total public corporations
6 229
6 187
6 157
5 774
-6.2
Total public gross fixed capital formation
21 143
21 423
21 479
20 667
-3.8
Memorandum item
Net purchases of second-hand assets by public sector
-190
-84
-58
-147
..

(a) See paragraph 35 of the Explanatory Notes for the relationship between general government final consumption expenditure and GFS aggregates.
(b) Reference year for chain volume measures is 2008-09.


JUNE QUARTER 2011 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.

Quarterly GFS are released for the current financial year only, other than in the September quarter, 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 (2009-10) was released on 5 July 2011. Final annual GFS results for 2010-11 are scheduled for release by the ABS in April 2012.

RELEASE OF QUARTERLY GFS THIS ISSUE

Table
Sep 10
Dec 10
Mar 11
Jun 11
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
*
*
*

IMPACT OF THE FLOODS

Flooding began in late December 2010 in Queensland and was more extensive in Queensland and other states in January 2011. In the March quarter 2011 the Commonwealth Government grant payments to the states under the National Disaster Relief Recovery Arrangements were offset by a fall in the other grant payments to the states.


PRIVATISATIONS

Privatisations of some activities occurred during the March quarter 2011. Prior to privatisation these activities were included in the Public Non-Financial Corporations sector in Government Finance Statistics. From the privatisation date, these activities are in-scope of the relevant ABS surveys of the private sector.

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 next two issues are:

Issue5519.0.55.0015206.0
September 20116 December 20117 December 2011
December 20116 March 20127 March 2012

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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