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5519.0.55.001 - Government Finance Statistics, Australia, Mar 2008 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 03/06/2008   
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MARCH QUARTER 2008 KEY FIGURES: ALL LEVELS OF GOVERNMENT

December quarter 2007 to March quarter 2008 movements (in original terms) -

  • Taxation revenue decreased by 3.2% to $87,148m.
  • The GFS net operating balance for the general government sector decreased to $9,407m.
  • The GFS net lending(+)/borrowing(-) position for the general government sector decreased to a net lending position of $6,849m.
GFS KEY FIGURES: ALL LEVELS OF GOVERNMENT, ORIGINAL

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

Current Prices
Taxation revenue
General government
90,017
87,148
-3.2
Total revenue
General government
106,134
103,036
-2.9
Public Non-Financial corporations
13,627
14,731
8.1
Total expenses
General government
95,553
93,630
-2.0
Public Non-Financial corporations
12,638
13,049
3.3
GFS Net operating balance
General government
10,581
9,407
..
Public Non-Financial corporations
989
1,682
..
GFS Net lending(+)/borrowing(-)
General government
6,961
6,849
..
Public Non-Financial corporations
-2,101
-1,228
..


QUARTERLY NATIONAL ACCOUNTS PUBLIC SECTOR MEASURES - KEY FIGURES

The table below includes the key public sector aggregates for the March 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 0.4% in the March quarter 2008.
  • General government gross fixed capital formation, in seasonally adjusted chain volume terms, increased by 8.4% in the March quarter 2008.
QUARTERLY NATIONAL ACCOUNTS PUBLIC SECTOR MEASURES - KEY FIGURES, SEASONALLY ADJUSTED

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

Current Prices
General government final consumption expenditure (a)
National - defence
4,616
4,595
-0.5
National - non-defence
15,466
15,547
0.5
Total national
20,082
20,141
0.3
State and local
30,057
30,239
0.6
Total general government final consumption expenditure
50,139
50,380
0.5
Public gross fixed capital formation
General government
National - defence
508
1,215
138.9
National - non-defence
981
851
-13.2
Total national
1,489
2,066
38.7
State and local
5,651
5,601
-0.9
Total general government
7,140
7,666
7.4
Public corporations
Commonwealth
282
299
6.3
State and local
4,596
4,726
2.8
Total public corporations
4,878
5,025
3.0
Total public gross fixed capital formation
12,018
12,692
5.6
Memorandum item
Net purchases of second-hand assets by public sector
-328
-262
..

Chain Volume (b)
General government final consumption expenditure (a)
National - defence
4,337
4,295
-1.0
National - non-defence
14,140
14,166
0.2
Total national
18,477
18,461
-0.1
State and local
27,426
27,606
0.7
Total general government final consumption expenditure
45,904
46,067
0.4
Public gross fixed capital formation
General government
National - defence
576
1,353
135.0
National - non-defence
994
886
-10.8
Total national
1,570
2,240
42.7
State and local
5,376
5,288
-1.6
Total general government
6,946
7,527
8.4
Public corporations
Commonwealth
256
272
6.0
State and local
4,288
4,370
1.9
Total public corporations
4,544
4,642
2.2
Total public gross fixed capital formation
11,490
12,169
5.9
Memorandum item
Net purchases of second-hand assets by public sector
-325
-263
. .

(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.


MARCH 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 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 (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
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 June, September and December quarters 2008 issues are:

Issue5519.0.55.0015206.0
June 2008
September 2008
December 2008
2 September 2008
2 December 2008
3 March 2008
3 September 2008
December 2008
March 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 Glynis Orrell on Canberra (02) 6252 5735, email <public.finance@abs.gov.au>.

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