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5519.0.55.001 - Government Finance Statistics, Australia, June Quarter 2009 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 01/09/2009   
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JUNE QUARTER 2009 KEY FIGURES: ALL LEVELS OF GOVERNMENT

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

  • Taxation revenue increased by 18.8% to $93,740m.
  • The GFS net operating balance for the general government sector decreased to $-11,708m.
  • The GFS net lending(+)/borrowing(-) position for the general government sector decreased to a net borrowing position of $-19,099m.
GFS KEY FIGURES: ALL LEVELS OF GOVERNMENT, ORIGINAL

Mar Qtr 2009
June Qtr 2009
Mar Qtr 2009 to
Juner Qtr 2009
$m
$m
% change

Current Prices
Taxation revenue
General government
78 921
93 740
18.8
Total revenue
General government
97 900
114 099
16.5
Public Non-Financial corporations
15 087
15 262
1.2
Total expenses
General government
105 692
125 807
19.0
Public Non-Financial corporations
13 812
14 888
7.8
GFS Net operating balance
General government
-7 792
-11 708
..
Public Non-Financial corporations
1 275
374
..
GFS Net lending(+)/borrowing(-)
General government
-11 269
-19 099
..
Public Non-Financial corporations
-2 427
-5 397
..


QUARTERLY NATIONAL ACCOUNTS PUBLIC SECTOR MEASURES - KEY FIGURES

The table below includes the key public sector aggregates for the June 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 June quarter 2009:
  • In seasonally adjusted chain volume terms, total general government final consumption expenditure increased by $393m, a rise of 0.8% compared with March quarter 2009.
  • General government gross fixed capital formation, in seasonally adjusted chain volume terms, increased by 3.4%.
QUARTERLY NATIONAL ACCOUNTS PUBLIC SECTOR MEASURES - KEY FIGURES, SEASONALLY ADJUSTED

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

Current Prices
General government final consumption expenditure (a)
National - defence
5 573
5 518
5 496
5 705
3.8
National - non-defence
15 222
15 701
15 856
15 649
-1.3
Total national
20 795
21 219
21 351
21 354
0.0
State and local
31 674
32 325
32 892
33 646
2.3
Total general government final consumption expenditure
52 469
53 544
54 243
55 000
1.4
Public gross fixed capital formation
General government
National - defence
843
665
606
439
-27.5
National - non-defence
1 086
933
892
997
11.8
Total national
1 929
1 598
1 497
1 436
-4.1
State and local
6 520
6 728
6 589
6 930
5.2
Total general government
8 449
8 326
8 086
8 366
3.5
Public corporations
Commonwealth
304
349
319
305
-4.4
State and local
6 095
6 190
5 806
5 515
-5.0
Total public corporations
6 399
6 539
6 125
5 820
-5.0
Total public gross fixed capital formation
14 848
14 865
14 212
14 186
-0.2
Memorandum item
Net purchases of second-hand assets by public sector
-123
-204
-459
-449
..

Chain Volume (b)
General government final consumption expenditure (a)
National - defence
5 057
4 923
4 857
4 922
1.3
National - non-defence
14 641
14 725
14 682
14 653
-0.2
Total national
19 698
19 647
19 539
19 575
0.2
State and local
29 743
30 002
30 229
30 586
1.2
Total general government final consumption expenditure
49 441
49 649
49 768
50 161
0.8
Public gross fixed capital formation
General government
National - defence
877
686
633
472
-25.5
National - non-defence
1 070
915
888
1 000
12.6
Total national
1 947
1 601
1 521
1 471
-3.3
State and local
6 045
6 166
6 086
6 394
5.1
Total general government
7 992
7 767
7 607
7 865
3.4
Public corporations
Commonwealth
294
333
304
291
-4.0
State and local
5 602
5 468
5 147
5 006
-2.7
Total public corporations
5 896
5 801
5 451
5 297
-2.8
Total public gross fixed capital formation
13 888
13 567
13 057
13 163
0.8
Memorandum item
Net purchases of second-hand assets by public sector
-135
-199
-447
-442
..

(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 2006-07.


JUNE QUARTER 2009 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 (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
Sept 08
Dec 08
Mar 09
Jun 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
*
*
*
FUTURE CHANGES

The Australian system of Government Finance Statistics (GFS) is 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 System of National Accounts from the September Quarter 2009. The only change to the ABS' compilation of GFS will be the treatment of Defence Weapons Platforms (DWP), which will be capitalised to align with the SNA08 from September Quarter 2009. 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.The current SNA93 treatment classifies expenditures on DWPs as Government Final Consumption Expenditure (GFCE). This means 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. The 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 military weapon systems 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.

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 September and December quarter 2009 issues are below. For the September quarter 2009 publication, the Quarterly National Accounts Public Sector Measures - Key Figures table will not be included in the regular release due to delays in producing the National Accounts for this quarter. It is expected that the main features will be re-released with the National Accounts table for the September quarter on the 15th of December 2009.
Issue5519.0.55.0015206.0
September 20091 December 200916 December 2009
December 20092 March 20103 March 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 Mark Patton on Canberra (02) 6252 7926, email <public.finance@abs.gov.au>

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