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5519.0.55.001 - Government Finance Statistics, Australia, December Quarter 2012 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 05/03/2013   
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DECEMBER QUARTER 2012 KEY FIGURES: ALL LEVELS OF GOVERNMENT


In the December quarter 2012:

  • Taxation revenue increased 13.9% to $105,461m.
  • General government sector expenditure exceeded revenue resulting in a GFS net operating balance of –$2,928m.
  • The GFS net lending(+)/borrowing(–) position for the general government sector was –$8,150m.

GFS KEY FIGURES: ALL LEVELS OF GOVERNMENT, ORIGINAL

Sep Qtr 2012
Dec Qtr 2012
Sep Qtr 2012 to
Dec Qtr 2012
$m
$m
% change

Current Prices
Taxation revenue
General government
92 624
105 461
13.9
Total revenue
General government
115 320
130 350
13.0
Public Non–Financial corporations
19 266
19 440
0.9
Total expenses
General government
132 414
133 278
0.7
Public Non–Financial corporations
18 135
19 820
9.3
GFS Net operating balance
General government
–17 094
–2 928
. .
Public Non–Financial corporations
1 131
–380
. .
GFS Net lending(+)/borrowing(–)
General government
–20 129
–8 150
. .
Public Non–Financial corporations
–1 959
–8 676
. .

. . not applicable


QUARTERLY NATIONAL ACCOUNTS PUBLIC SECTOR MEASURES – KEY FIGURES

The table below includes the key public sector aggregates for the December quarter 2012 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 December quarter 2012:
  • In seasonally adjusted chain volume terms, total general government final consumption expenditure decreased by $117m, a fall of 0.2% compared with September quarter 2012.
  • Total general government gross fixed capital formation, in seasonally adjusted chain volume terms, increased by 2.2%.

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

Mar Qtr
2012
Jun Qtr
2012
Sep Qtr
2012
Dec Qtr
2012
Sep Qtr 2012 to
Dec Qtr 2012
$m
$m
$m
$m
% change

Current Prices
General government final consumption expenditure (a)
National – defence
5 985
5 938
6 193
6 252
0.9
National – non-defence
20 778
21 699
20 411
20 495
0.4
Total national
26 763
27 637
26 605
26 748
0.5
State and local
40 083
40 782
40 661
41 022
0.9
Total general government final consumption expenditure
66 845
68 419
67 265
67 769
0.7
Public gross fixed capital formation
General government
National – defence
2 401
2 146
1 116
990
–11.3
National – non–defence
2 706
2 147
2 350
2 526
7.5
Total national
5 107
4 293
3 466
3 515
1.4
State and local
8 015
9 034
7 729
7 935
2.7
Total general government
13 123
13 327
11 196
11 450
2.3
Public corporations
Commonwealth
732
846
987
965
–2.3
State and local
5 042
3 947
4 720
8 442
78.9
Total public corporations
5 775
4 792
5 707
9 407
64.8
Total public gross fixed capital formation
18 897
18 119
16 903
20 857
23.4
Memorandum item
Net purchases of second–hand assets by public sector
–222
–2 298
37
np
np

Chain Volume (b)
General government final consumption expenditure (a)
National – defence
5 900
5 853
6 067
6 101
0.6
National – non-defence
19 987
20 559
19 750
19 665
–0.4
Total national
25 888
26 412
25 817
25 766
–0.2
State and local
39 454
39 843
39 771
39 705
–0.2
Total general government final consumption expenditure
65 342
66 255
65 588
65 471
–0.2
Public gross fixed capital formation
General government
National – defence
2 533
2 278
1 181
1 039
–12.0
National – non-defence
2 701
2 145
2 344
2 530
7.9
Total national
5 235
4 422
3 525
3 569
1.3
State and local
7 977
8 922
7 637
7 838
2.6
Total general government
13 211
13 344
11 162
11 407
2.2
Public corporations
Commonwealth
741
857
1 009
983
–2.6
State and local
4 954
3 780
4 615
8 525
84.7
Total public corporations
5 695
4 637
5 624
9 507
69.0
Total public gross fixed capital formation
18 907
17 981
16 787
20 915
24.6
Memorandum item
Net purchases of second–hand assets by public sector
–223
–2 316
39
np
np

np not available for publication but included in totals where applicable, unless otherwise indicated
(a) See paragraph 37 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.


DECEMBER QUARTER 2012 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 (2010–11) was released on 17 April 2012. Final annual GFS results for 2011–12 are scheduled for release by the ABS on 16 April 2013.

RELEASE OF QUARTERLY GFS THIS ISSUE

Table
Sep 12
Dec 12
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
*

LARGE CAPITAL PROJECTS

The public non-financial corporations sector took ownership of some large capital projects that were completed during the December quarter 2012.


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
March 2013
June 2013
4 June 2013
3 Sep 2013
5 June 2013
4 Sep 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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