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5519.0.55.001 - Government Finance Statistics, Australia, June Quarter 2013 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 03/09/2013   
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JUNE QUARTER 2013 KEY FIGURES: ALL LEVELS OF GOVERNMENT


In the June quarter 2013:

  • Taxation revenue increased 12.8% to $115,379m.
  • General government sector revenue exceeded expenditure resulting in a GFS net operating balance of $2,580m.
  • The GFS net lending(+)/borrowing(–) position for the general government sector was $226m.

GFS KEY FIGURES: ALL LEVELS OF GOVERNMENT, ORIGINAL

Mar Qtr 2013(a)
Jun Qtr 2013
Mar Qtr 2013(a) to
Jun Qtr 2013
$m
$m
% change

Current Prices
Taxation revenue
General government
102 322
115 379
12.8
Total revenue
General government
126 009
142 689
13.2
Public Non–Financial corporations
19 980
21 552
7.9
Total expenses
General government
131 347
140 109
6.7
Public Non–Financial corporations
19 529
23 644
21.1
GFS Net operating balance
General government
–5 338
2 580
. .
Public Non–Financial corporations
451
–2 091
. .
GFS Net lending(+)/borrowing(–)
General government
–8 697
226
. .
Public Non–Financial corporations
–697
–1 535
. .

. . not applicable
(a) Due to delays in supply from the Victorian Department of Treasury and Finance (Victorian DTF), Victorian General Government data for the March Quarter 2013 have been estimated by the ABS using best available sources with assistance from the Victorian DTF. These estimates should be interpreted with care.

QUARTERLY NATIONAL ACCOUNTS PUBLIC SECTOR MEASURES – KEY FIGURES

The table below includes the key public sector aggregates for the June quarter 2013 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 for general government and Gross Fixed Capital Formation for general government and public corporations, seasonally adjusted in current prices and chain volume terms.

In the June quarter 2013:
  • In seasonally adjusted chain volume terms, total general government final consumption expenditure increased by $519 m, a rise of 0.8% compared with March quarter 2013.
  • Total general government gross fixed capital formation, in seasonally adjusted chain volume terms, decreased by 3.7%.

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

Sep Qtr
2012
Dec Qtr
2012
Mar Qtr
2013(c)
Jun Qtr
2013
Mar Qtr 2013(c)
to Jun Qtr 2013
$m
$m
$m
$m
% change

Current Prices
General government final consumption expenditure (a)
National – defence
6 195
6 245
6 217
6 323
1.7
National – non-defence
20 427
20 512
20 809
20 973
0.8
Total national
26 622
26 758
27 025
27 295
1.0
State and local
40 725
40 888
41 257
42 026
1.9
Total general government final consumption expenditure
67 347
67 646
68 282
69 321
1.5
Public gross fixed capital formation
General government
National – defence
1 130
842
1 035
982
–5.1
National – non–defence
2 553
2 556
2 328
2 465
5.9
Total national
3 683
3 398
3 362
3 446
2.5
State and local
8 043
8 595
9 202
8 718
–5.3
Total general government
11 725
11 993
12 564
12 164
–3.2
Public corporations
Commonwealth
921
898
985
965
–2.1
State and local
4 656
8 506
4 410
–158
np
Total public corporations
5 577
9 404
5 395
807
–85.0
Total public gross fixed capital formation
17 302
21 397
17 959
12 971
–27.8
Memorandum item
Net purchases of second–hand assets by public sector
74
4 657
407
–5 546
np

Chain Volume (b)
General government final consumption expenditure (a)
National – defence
6 069
6 095
6 053
6 155
1.7
National – non-defence
19 765
19 707
19 985
20 083
0.5
Total national
25 834
25 802
26 039
26 238
0.8
State and local
39 827
39 604
39 806
40 125
0.8
Total general government final consumption expenditure
65 661
65 405
65 844
66 363
0.8
Public gross fixed capital formation
General government
National – defence
1 302
1 019
1 316
1 222
–7.2
National – non-defence
2 642
2 658
2 410
2 563
6.3
Total national
3 944
3 676
3 726
3 785
1.6
State and local
7 970
8 521
9 122
8 584
–5.9
Total general government
11 914
12 197
12 848
12 368
–3.7
Public corporations
Commonwealth
941
911
1 005
980
–2.5
State and local
4 569
8 631
4 314
–386
np
Total public corporations
5 511
9 542
5 320
593
–88.8
Total public gross fixed capital formation
17 424
21 739
18 168
12 961
–28.7
Memorandum item
Net purchases of second–hand assets by public sector
78
4 827
418
–5 574
np

np not available for publication but included in totals where applicable, unless otherwise indicated
(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 2010–11.
(c) Due to delays in supply from the Victorian Department of Treasury and Finance (Victorian DTF), Victorian General Government data for the March Quarter 2013 have been estimated by the ABS using best available sources with assistance from the Victorian DTF. These estimates should be interpreted with care.


JUNE QUARTER 2013 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 (2011–12) was released on 30 April 2013. Final annual GFS results for 2012–13 are scheduled for release by the ABS in April 2014.

Due to delays in supply from the Victorian Department of Treasury and Finance (Victorian DTF), Victorian General Government data for the March Quarter 2013 have been estimated by the ABS using best available sources with assistance from the Victorian DTF. This data is used in compiling the tables contained in the Main Features, Table 1 All Levels of Government - General Government, Table 4 Total State and Local, and Table 6 Victoria, Total State and Local. These estimates should be interpreted with care.


RELEASE OF QUARTERLY GFS THIS ISSUE

Table
Sep 12
Dec 12
Mar 13
Jun 13
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
*
*
*

EMISSIONS REDUCTION SCHEMES

The ABS released an Information Paper: Recording Emissions Reduction Schemes in ABS Statistics (cat. no. 5257.0.55.001) on 30 July 2012. This information paper summarises the nature and statistical treatment of emissions permit measures introduced under the Clean Energy Act 2011 and other greenhouse gas schemes currently in operation in Australia (including the Commonwealth Renewable Energy Target (RET) and the Carbon Farming Initiative).

The Australian System of Government Finance Statistics: Concepts, Sources and Methods (cat. no. 5514.0) was updated on 20 November 2012 to include details of the ABS implementation of emission reduction schemes in GFS.

Emission reduction scheme data are included in relevant GFS aggregates commencing with the September quarter 2012, with data for the Renewable Energy Certificates issued under the RET backcast in the time series. Separate data series for emission reduction schemes are not available.


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 2013
December 2013
3 December 2013
4 March 2014
4 December 2013
5 March 2013

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 Jon Shaw on Brisbane (07) 3222 6054, email <public.finance@abs.gov.au>


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