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5519.0.55.001 - Government Finance Statistics, Australia, Quarterly, Electronic Delivery, Sep 2005  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 06/12/2005   
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ABOUT THIS ELECTRONIC RELEASE

This electronic release presents quarterly government finance statistics (GFS) on an accrual accounting basis. All tables are presented in GFS operating statement format 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 year are presented. At the point of this release, the quarterly ABS GFS results reported throughout the year do not necessarily add to the annual results recently released by some jurisdictions. Final annual GFS results for 2004-05 are scheduled for release by the ABS on 29 March 2006. Users requiring data for earlier periods should consult Government Finance Statistics, Australia (cat.no. 5512.0). The latest issue (2003-04) was released on 15 April 2005.

As of this release, the ABS has introduced a change in the treatment of Fringe Benefits Tax (FBT). FBT is now treated as a tax on individuals rather than a tax on employers. As such these amounts now form part of compensation of employees in the National Accounts, and Employee Expenses in GFS, rather than as a production tax paid by employers.

This change was advised in two articles released on the ABS website as follows:

1. The article titled "Feature Article 3: Forthcoming Updated National Accounts Annual Benchmarks" was released as part of the June Quarter 2005 National Accounts publication 5206.0 on 7 September 2005.


2.The article titled "Feature Article: Updated National Accounts Annual Benchmarks" was subsequently released as part of the 2004-05 annual National Accounts publication 5204.0 on 7 November 2005.


RELEASE OF QUARTERLY GFS THIS ISSUE
Table
Sept 04
Dec 04
Mar 05
June 05
Sept 05
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 Australia
*
*
*
*
Table 12 Australian Capital Territory
*
*
*
*
The December quarter 2005 issue is expected to be released on 28 February 2006 and the March quarter 2006 issue on 6 June 2006, one day before the release of the December quarter 2005 and March quarter 2006 National Accounts publications respectively. Users should check the ABS Release Advice closer to the date for confirmation of the release date.

The contact officer for this release is Jonathan Sim on Canberra (02) 6252 5735.


SEPT QUARTER 2005 KEY FIGURES: ALL LEVELS OF GOVERNMENT

June quarter 2005 to September quarter 2005 movements -
  • In original terms, taxation revenue decreased by $13,746m to $65,714m.
  • The General government GFS Net operating balance, in original terms, decreased by $7,665m to $2,201m.
  • In original terms, the General government GFS Net lending position decreased by $4,213m, from $6,098m to $1,885m.
GFS KEY FIGURES: ALL LEVELS OF GOVERNMENT, ORIGINAL

Jun qtr 2005
Sept qtr 2005
% change Jun qtr 2005 to Sept qtr 2005
$m
$m
%

Current prices
Taxation revenue
General government
79,460
65,714
-17.3
Total revenue
General government
96,143
82,492
-14.2
Public Non-Financial corporations
17,335
17,247
0.5
Total expenses
General government
86,277
80,291
-6.9
Public Non-Financial corporations
15,042
17,241
14.6
GFS Net operating balance
General government
9,866
2,201
..
Public Non-Financial corporations
2,293
6
..
GFS Net lending(+)/borrowing(-)
General government
6,098
1,885
..
Public Non-Financial corporations
-200
-1,159
..



QUARTERLY NATIONAL ACCOUNTS PUBLIC SECTOR MEASURES - KEY FIGURES

The table below includes the key public sector aggregates for the September quarter 2005 from the forthcoming 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 chain volume terms.
  • In seasonally adjusted chain volume terms, total general government final consumption expenditure decreased by 0.6% in September quarter 2005.
  • General government gross fixed capital formation, in seasonally adjusted chain volume terms, decreased by 6.4% in September quarter 2005.

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

Jun qtr 2005
Sept qtr 2005
% change Jun qtr 2005 to Sept qtr 2005
$m
$m
%

Current Prices
General government final consumption expenditure (a)
National - defence
3,833
3,804
-0.7
National - non-defence
12,962
13,108
1.1
Total national
16,795
16,912
0.7
State and local
24,854
24,828
-0.1
Total general government final consumption expenditure
41,649
41,740
0.2
Public gross fixed capital formation
General government
National - defence
418
308
-26.4
National - non-defence
496
814
64.1
Total national
914
1122
22.7
State and local
4,169
3,662
-12.2
Total general government
5,083
4,784
-5.9
Public corporations
Commonwealth
856
823
-3.8
State and local
2,665
2,564
-3.8
Total public corporations
3,521
3,388
-3.8
Total public gross fixed capital formation
8,604
8,172
-5.0
Memorandum item
Net purchases of second-hand assets by public sector
-269
-110
..
Chain Volume (b)
General government final consumption expenditure (a)
National - defence
3,802
3,755
-1.3
National - non-defence
12,242
12,228
-0.1
Total national
16,044
15,983
-0.4
State and local
23,375
23,214
-0.7
Total general government final consumption expenditure
39,419
39,196
-0.6
Public gross fixed capital formation
General government
National - defence
475
351
-26.1
National - non-defence
501
820
63.6
Total national
977
1,171
19.9
State and local
4,048
3,533
-12.7
Total general government
5,025
4,704
-6.4
Public corporations
Commonwealth
860
833
-3.2
State and local
2,519
2,432
-3.5
Total public corporations
3,379
3,265
-3.4
Total public gross fixed capital formation
8,404
7,969
-5.2
Memorandum item
Net purchases of second-hand assets by public sector
-271
-110
..

(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 2003-04.


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