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5519.0.55.001 - Government Finance Statistics, Australia, Quarterly, Jun 2007  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 04/09/2007   
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JUNE QUARTER 2007 KEY FIGURES: ALL LEVELS OF GOVERNMENT

March quarter 2007 to June quarter 2007 movements (in original terms) -

  • Taxation revenue increased by 14.0% to $89,494m.
  • The GFS net operating balance for the general government sector increased to 12,023m.
  • The GFS net lending(+)/borrowing(-) position for the general government sector increased to a net lending position of $7,403m.

GFS KEY FIGURES: ALL LEVELS OF GOVERNMENT, ORIGINAL

Mar qtr 2007
Jun qtr 2007
% change
Mar qtr 2007

to Jun qtr 2007
$m
$m
%

Current Prices
Taxation revenue
General government
78,519
89,494
14.0
Total revenue
General government
94,907
108,674
14.5
Public Non-Financial corporations
13,571
15,041
10.8
Total expenses
General government
88,170
96,651
9.6
Public Non-Financial corporations
12,683
13,986
10.3
GFS Net operating balance
General government
6,737
12,023
..
Public Non-Financial corporations
889
1,055
..
GFS Net lending(+)/borrowing(-)
General government
4,484
7,403
..
Public Non-Financial corporations
-1,421
-3,180
..


QUARTERLY NATIONAL ACCOUNTS PUBLIC SECTOR MEASURES - KEY FIGURES

The table below includes the key public sector aggregates for the June quarter 2007 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 0.5% in the June quarter 2007.
  • General government gross fixed capital formation, in seasonally adjusted chain volume terms, increased by 14.0% in the June quarter 2007.
QUARTERLY NATIONAL ACCOUNTS PUBLIC SECTOR MEASURES - KEY FIGURES, SEASONALLY ADJUSTED

Mar qtr 2007
Jun qtr 2007
% change
Mar qtr 2007
to Jun qtr 2007
$m
$m
%

Current Prices
General government final consumption expenditure (a)
National - defence
4,305
4,089
-5.0
National - non-defence
14,560
14,640
0.5
Total national
18,864
18,728
-0.7
State and local
29,069
30,002
3.2
Total general government final consumption expenditure
47,933
48,731
1.7
Public gross fixed capital formation
General government
National - defence
334
526
57.5
National - non-defence
929
1,210
30.2
Total national
1,263
1,736
37.4
State and local
4,560
4,818
5.6
Total general government
5,823
6,553
12.5
Public corporations
Commonwealth
209
249
18.8
State and local
4,044
4,715
16.6
Total public corporations
4,254
4,963
16.7
Total public gross fixed capital formation
10,077
11,517
14.3
Memorandum item
Net purchases of second-hand assets by public sector
-501
-468
. .

Chain Volume (b)
General government final consumption expenditure (a)
National - defence
3,896
3,706
-4.9
National - non-defence
13,994
14,061
0.5
Total national
17,889
17,767
-0.7
State and local
25,693
26,014
1.3
Total general government final consumption expenditure
43,582
43,781
0.5
Public gross fixed capital formation
General government
National - defence
391
640
63.6
National - non-defence
979
1,307
33.6
Total national
1,370
1,947
42.1
State and local
4,415
4,647
5.2
Total general government
5,785
6,593
14.0
Public corporations
Commonwealth
193
227
17.7
State and local
3,443
4,053
17.7
Total public corporations
3,636
4,280
17.7
Total public gross fixed capital formation
9,421
10,874
15.4
Memorandum item
Net purchases of second-hand assets by public sector
-488
-461
. .

(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 2004-05.


JUNE QUARTER 2007 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.

Telstra Corporation was effectively privatised on 20 November 2006. For the purposes of ABS statistics this change from the public to the private sector is effective from the March quarter 2007. This change has impacted on the data series presented in this publication, particularly the March and June quarter data presented in Table 2 All levels of Government - Public Non-financial Corporations. For more information please see ABS cat. no. 8102.0, Future Treatment of Telstra in ABS Statistics 2007

Quarterly GFS are released for the current financial year only. Users requiring data for earlier periods should consult Government Finance Statistics, Australia (cat.no. 5512.0). The latest issue (2005-06) was released on 3 April 2007.


RELEASE OF QUARTERLY GFS THIS ISSUE

Table
Sept 06
Dec 06
Mar 07
Jun 07

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 Total State & Local
*
*
*
Table 6 Victoria Total State & Local
*
*
*
Table 7 Queensland Total State & Local
*
*
*
Table 8 South Australia Total State & Local
*
*
*
Table 9 Western Australia Total State & Local
*
*
*
Table 10 Tasmania Total State & Local
*
*
*
Table 11 Northern Territory Total State & Local
*
*
*
Table 12 Australian Capital Territory Total State & Local
*
*
*


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 release of the June quarter 2007 issue of 5206.0 was brought forward to 04/09/2007. The scheduled release dates for the September quarter 2007 and December quarter 2007 issues are:

Issue5519.0.55.0015206.0
September 200704/12/200705/12/2007
December 200804/03/200805/03/2008

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 7589, email <public.finance@abs.gov.au>.

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