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5501.0.55.001 - Government Financial Estimates, Australia, 2012-13 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 28/08/2012   
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This document was added 10/16/2012.



INFORMATION ABOUT THIS RELEASE

This release presents consolidated 2012–13 budget forecasts for the general government sector for Commonwealth and all jurisdictions. After the release of the Queensland budget, this release includes forecasts for Queensland, Total State, Multi–jurisdictional, Total Local and Total Australia. The forecasts presented for the Commonwealth and other states are the same as when released on 28 August 2012. Government Financial Estimates (GFE) for the Commonwealth and state governments are compiled from initial budget forecasts. Two main statements are presented; the Operating Statement and the Cash Flow Statement.

Data for this release are sourced from the following Commonwealth and state government budget forecasts.

JurisdictionDate of budget forecast release
Commonwealth8 May 2012
New South Wales12 June 2012
Victoria1 May 2012
Queensland11 September 2012
South Australia31 May 2012
Western Australia17 May 2012
Tasmania17 May 2012
Northern Territory1 May 2012
Australian Capital Territory5 June 2012


MAIN FEATURES

2012–13 OPERATING STATEMENT

The table below presents the 2012–13 GFS net operating balance and net lending(+)/borrowing(–) estimates for the general government sector for each level of government.

ALL LEVELS OF GOVERNMENT, OPERATING STATEMENT 2012–13
General Government
Commonwealth
Multi–
jurisdictional (a)(b)
State
Local (b)
All levels of government (c)
$m
$m
$m
$m
$m

GFS Revenue
375 059
24 240
206 399
38 105
529 108
GFS Expenses
374 647
23 015
214 898
34 638
535 762
GFS Net Operating Balance
412
1 225
–8 499
3 467
–6 654
Net acquisition of non–financial assets
2 696
2 073
12 688
6 169
18 245
GFS Net Lending(+)/Borrowing(–)
3 108
–848
–21 187
–2 702
–24 900

(a) The multi–jurisdictional sector contains units where jurisdiction is shared between two or more governments, or classification of a unit to a jurisdiction is otherwise unclear. The main type of units in this category are the public universities.
(b) Data for local government and multi–jurisdictional sector are estimated.
(c) The sum of individual levels of government may not agree with the All levels of government figures due to transfers between levels of government.


2012–13 CASH FLOW STATEMENT

The table below presents the 2012–13 GFS surplus(+)/deficit(–) estimates for the general government sector for each level of government.

ALL LEVELS OF GOVERNMENT, CASH FLOW STATEMENT 2012–13
General Government

Commonwealth
Multi–
jurisdictional (a)(b)
State
Local (b)
All levels of government (c)
$m
$m
$m
$m
$m

Surplus(+)/Deficit(–)
4 166
–1 042
–22 176
–2 971
–24 100

(a) The multi–jurisdictional sector contains units where jurisdiction is shared between two or more governments, or classification of a unit to a jurisdiction is otherwise unclear. The main type of units in this category are the public universities.
(b) Data for local government and multi–jurisdictional are estimated.
(c) The sum of individual levels of government may not agree with the All levels of government figures due to transfers between levels of government.


KEY STATE GOVERNMENT BALANCES

The table below presents 2012–13 GFS estimates for the key analytical balances in the operating and cash flow statement for the general government sector of each state and territory jurisdiction.

STATE GOVERNMENTS, KEY ANALYTICAL BALANCES 2012–13
General Government

Operating Statement
Cash Flow Statement


GFS Net
Operating
Balance
GFS Net
Lending (+)/
Borrowing(–)
Surplus(+)/
Deficit(–)
$m
$m
$m

New South Wales
–824
–3 473
–4 104
Victoria
130
–1 335
–1 839
Queensland
–6 292
–10 803
–10 804
South Australia
–867
–1 902
–1 952
Western Australia
196
–1 738
–2 074
Tasmania
–282
–427
–239
Northern Territory
–159
–490
–495
Australian Capital Territory
–395
–1 016
–669


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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