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5519.0.55.001 - Government Finance Statistics, Australia, December Quarter 2013 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 04/03/2014   
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DECEMBER QUARTER 2013 KEY FIGURES: ALL LEVELS OF GOVERNMENT


In the December quarter 2013:

  • Taxation revenue increased 16.2% to $109,733m.
  • General government sector expenditure exceeded revenue resulting in a GFS net operating balance of –$4,079m.
  • The GFS net lending(+)/borrowing(–) position for the general government sector was –$9,263m.

GFS KEY FIGURES: ALL LEVELS OF GOVERNMENT, ORIGINAL

Sep Qtr 2013
Dec Qtr 2013
Sep Qtr 2013 to
Dec Qtr 2013
$m
$m
% change

Current Prices
Taxation revenue
General government
94 445
109 733
16.2
Total revenue
General government
118 955
133 707
12.4
Public Non–Financial corporations
20 099
20 497
2.0
Total expenses
General government
140 409
137 786
–1.9
Public Non–Financial corporations
19 758
20 529
3.9
GFS Net operating balance
General government
–21 453
–4 079
. .
Public Non–Financial corporations
341
–32
. .
GFS Net lending(+)/borrowing(–)
General government
–23 791
–9 263
. .
Public Non–Financial corporations
–3 681
–2 731
. .

. . not applicable


QUARTERLY NATIONAL ACCOUNTS PUBLIC SECTOR MEASURES – KEY FIGURES

The table below includes the key public sector aggregates for the December quarter 2013 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 2013:
  • In seasonally adjusted chain volume terms, total general government final consumption expenditure increased by $236m, a rise of 0.3% compared with September quarter 2013.
  • Total general government gross fixed capital formation, in seasonally adjusted chain volume terms, increased by 4.6%.

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

Mar Qtr
2013(c)
Jun Qtr
2013
Sep Qtr
2013
Dec Qtr
2013
Sep Qtr 2013
to Dec Qtr 2013
$m
$m
$m
$m
% change

Current Prices
General government final consumption expenditure (a)
National – defence
5 429
5 448
5 438
5 504
1.2
National – non-defence
21 467
21 694
22 089
22 155
0.3
Total national
26 896
27 142
27 527
27 658
0.5
State and local
41 269
41 487
41 798
42 569
1.8
Total general government final consumption expenditure
68 165
68 629
69 326
70 227
1.3
Public gross fixed capital formation
General government
National – defence
1 267
1 209
1 514
1 624
7.2
National – non–defence
2 125
2 283
2 343
2 481
5.9
Total national
3 392
3 492
3 858
4 105
6.4
State and local
8 657
8 304
8 004
8 325
4.0
Total general government
12 049
11 796
11 862
12 429
4.8
Public corporations
Commonwealth
1 252
1 230
1 496
1 365
–8.7
State and local
4 837
–125
4 739
5 121
8.1
Total public corporations
6 089
1 105
6 234
6 486
4.0
Total public gross fixed capital formation
18 138
12 901
18 096
18 915
4.5
Memorandum item
Net purchases of second–hand assets by public sector
560
–5 169
648
649
0.2

Chain Volume (b)
General government final consumption expenditure (a)
National – defence
5 296
5 295
5 267
5 313
0.9
National – non-defence
21 238
21 360
21 568
21 479
–0.4
Total national
26 534
26 655
26 834
26 792
–0.2
State and local
40 652
40 664
41 177
41 455
0.7
Total general government final consumption expenditure
67 186
67 320
68 011
68 247
0.3
Public gross fixed capital formation
General government
National – defence
1 267
1 207
1 518
1 626
7.1
National – non-defence
2 129
2 285
2 337
2 481
6.1
Total national
3 396
3 492
3 855
4 107
6.5
State and local
8 787
8 398
8 006
8 294
3.6
Total general government
12 183
11 889
11 861
12 400
4.6
Public corporations
Commonwealth
1 250
1 227
1 490
1 363
–8.5
State and local
4 742
–243
4 617
4 979
7.8
Total public corporations
5 993
984
6 107
6 342
3.8
Total public gross fixed capital formation
18 175
12 874
17 968
18 743
4.3
Memorandum item
Net purchases of second–hand assets by public sector
572
–5 381
665
669
0.5

. . not applicable
– nil or rounded to zero (including null cells)
(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 2011–12.
(c) Due to delays in supply from the Victorian Department of Treasury and Finance (Victorian DTF), Victorian General Government data for the March Quarter 2013 have been estimated by the ABS using best available sources with assistance from the Victorian DTF. These estimates should be interpreted with care.


DECEMBER QUARTER 2013 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 (2011–12) was released on 30 April 2013. Final annual GFS results for 2012–13 are scheduled for release by the ABS in April 2014.

Due to delays in supply from the Victorian Department of Treasury and Finance (Victorian DTF), Victorian General Government data for the March Quarter 2013 have been estimated by the ABS using best available sources with assistance from the Victorian DTF. This data is used in compiling the tables contained in the Main Features, Table 1 All Levels of Government – General Government, Table 4 Total State and Local, and Table 6 Victoria, Total State and Local. These estimates should be interpreted with care.

RELEASE OF QUARTERLY GFS THIS ISSUE

Table
Sep 13
Dec 13
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
*

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 emissions reduction schemes in GFS.

Emissions 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 emissions 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 2014
June 2014
3 June 2014
2 September 2014
4 June 2014
3 September 2014
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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