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5512.0 - Government Finance Statistics, Australia, 2004-05  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 29/03/2006   
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NOTES


ABOUT THIS PUBLICATION

This publication presents government finance statistics (GFS) on an accrual accounting basis for each jurisdiction for general government, the non-financial public sector and the total public sector as follows:

  • Operating statements for 2004-05;
  • Cash flow statements for 2004-05; and
  • Balance sheets at 30 June 2005.

Users interested in quarterly GFS data for the current financial year should consult Government Finance Statistics, Australia, Quarterly (Cat. no. 5519.0.55.001).



ABOUT THIS ISSUE

This issue contains data for general government, the non-financial public sector and the total public sector. Due to space constraints, tables relating to public non-financial corporations and public financial corporations are not included. Time series data for all institutional sectors can be accessed from the ABS web site.


From 2002-03 NSW state insurance expenses are allocated across all government purpose classification (GPC) categories. NSW Treasury is unable to re-allocate insurance expenses from Other Economic Affairs for the years prior to 2002-03. Within the GPCs for Education, exact expenditures for Special Education in NSW were unknown for the years prior to 2002-03. In years prior to 2002-03 expenditure on Special Education will have been included in Primary and Secondary Education.


The Victorian Treasury has been reviewing its historic GPC allocation. Some revisions have already been made to the time series data and further revisions are expected to be incorporated in the release of the 2005-06 GFS data in 2007. Pending this review, Victorian GPC data in this release are ABS estimates, based on previously reported data.



TERMINOLOGY

Within government finance statistics (GFS), the consolidated total of transactions of the general government, public non-financial corporations and public financial corporations sectors is referred to as the 'total public sector'.


In this publication, the term 'state' includes the two territories. Therefore 'state' refers to 'state and territory' and 'state and local' refers to 'state, territory and local'.



INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Jonathan Sim on Canberra (02) 6252 5735.



SUMMARY OF FINDINGS


ACCRUAL OPERATING RESULTS

The GFS net operating balance for all levels of government in 2004-05 was $19,419 million and $24,776 million for the general government sector and total public sector respectively. In the same year, GFS net lending was $13,666 million and $13,431 million for the two sectors respectively.


The following table shows these two measures and other GFS operating statement major aggregates across the various levels of government by sector in 2004-05.

OPERATING RESULTS - 2004-05

General
Government
Non-
financial
Public
Sector
Total
Public
Sector
$m
$m
$m

All levels of government
GFS Revenue
335 680
380 934
391 555
GFS Expenses
316 260
358 245
366 779
GFS Net Operating Balance
19 419
22 689
24 776
Net acquisition of non-financial assets
5 754
11 355
11 345
GFS Net Lending(+)/Borrowing(-)
13 666
11 335
13 431
Commonwealth Government
GFS Revenue
241 885
262 965
266 649
GFS Expenses
230 788
250 095
253 122
GFS Net Operating Balance
11 097
12 870
13 527
Net acquisition of non-financial assets
154
457
466
GFS Net Lending(+)/Borrowing(-)
10 942
12 413
13 061
State and local governments
GFS Revenue
150 113
174 088
181 168
GFS Expenses
141 418
164 077
169 721
GFS Net Operating Balance
8 695
10 011
11 447
Net acquisition of non-financial assets
5 159
10 330
10 312
GFS Net Lending(+)/Borrowing(-)
3 536
-319
1 135
Multi-jurisdictional(a)
GFS Revenue
13 305
13 729
13 729
GFS Expenses
12 819
13 206
13 206
GFS Net Operating Balance
486
523
523
Net acquisition of non-financial assets
441
568
568
GFS Net Lending(+)/Borrowing(-)
45
-45
-45

(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 types of units currently falling into this category are the public universities.



CASH OPERATING RESULTS

In 2004-05 the general government sector and total public sector, for all levels of government, recorded surpluses of $20,632 million and $21,017 million respectively.


The following table presents the surplus/deficit results for each jurisdiction for 2004-05 for general government, the non-financial public sector and the total public sector.

CASH OPERATING RESULTS - 2004-05

General Government
Non-financial Public Sector
Total Public Sector
$m
$m
$m

SURPLUS(+)/DEFICIT(-)

Commonwealth Government
13 505
15 055
15 171
State and local governments
New South Wales
1 192
242
831
Victoria
188
-422
387
Queensland
4 766
3 742
4 489
South Australia
-20
53
193
Western Australia
804
6
-
Tasmania
256
160
249
Northern Territory
-17
-111
-71
Australian Capital Territory
35
-88
-88
Total
7 182
3 551
5 958
Multi-jurisdictional(a)
574
350
350
Total
20 632
18 481
21 017

- nil or rounded to zero (including null cells)
(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 types of units currently falling into this category are public universities.



BALANCE SHEET RESULTS

GFS net worth reflects the contribution of governments to the wealth of Australia. The consolidated net worth as at 30 June 2005 for the general government sector for all levels of government was $572,347 million. The consolidated net worth for the total public sector was $523,549 million.


The following table presents selected balance sheet aggregates for the general government, the non-financial public sector and the total public sectors as at 30 June 2005 across the various levels of government.

BALANCE SHEET RESULTS - AT 30 JUNE 2005

General
Government
Non-financial Public Sector
Total
Public
Sector
$m
$m
$m

All levels of government
Total assets
909 641
965 868
1 075 049
Total liabilities
337 293
411 165
520 333
Shares and other contributed capital
-
31 159
31 166
GFS Net worth
572 347
523 543
523 549
Commonwealth government
Total assets
174 544
176 571
245 242
Total liabilities
200 189
220 862
289 534
Shares and other contributed capital
-
30 344
30 344
GFS Net worth
-25 645
-74 635
-74 635
State and local governments
Total assets
708 213
760 730
807 262
Total liabilities
136 490
189 009
235 529
GFS Net worth
571 722
571 722
571 727
Multi-jurisdictional(a)
Total assets
33 061
34 949
34 949
Total liabilities
6 791
7 675
7 675
GFS Net worth
26 270
26 457
26 457

- nil or rounded to zero (including null cells)
(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 types of units currently falling into this category are public universities.


The following graph shows the total public sector GFS net worth as at 30 June 2005 as a percentage of gross domestic product (GDP) for all levels of government. The negative Net Worth of the Commonwealth arises largely due to unfunded superannuation and other employee entitlement liabilities carried on its books.

GFS NET WORTH AS A PERCENTAGE OF GDP
Graph: GFS NET WORTH AS A PERCENTAGE OF GDP




TIME SERIES

The following tables show a time series of major aggregates for the general government and total public sector.

MAJOR AGGREGATES: GENERAL GOVERNMENT, ALL LEVELS OF GOVERNMENT

1999-2000
2000-01
2001-02
2002-03
2003-04
2004-05
$m
$m
$m
$m
$m
$m

GFS Revenue
243 123
257 110
263 053
286 736
310 840
335 680
GFS Expenses
227 035
249 604
262 876
275 198
295 180
316 260
GFS Net Operating Balance
16 089
7 506
178
11 538
15 660
19 419
Net acquisition of non-financial assets
2 460
2 963
4 115
3 353
5 470
5 754
GFS Net Lending(+)/Borrowing(-)
13 629
4 543
-3 938
8 185
10 190
13 666
Cash Surplus (+)/Deficit (-)
15 032
8 581
3 650
11 704
14 669
20 632
Total assets
671 526
683 458
714 191
769 710
831 549
909 641
Total liabilities
302 312
300 426
308 338
323 611
321 951
337 293
GFS Net worth
369 214
383 032
405 852
446 098
509 598
572 347

MAJOR AGGREGATES: GENERAL GOVERNMENT, COMMONWEALTH

1999-2000
2000-01
2001-02
2002-03
2003-04
2004-05
$m
$m
$m
$m
$m
$m

GFS Revenue
166 926
185 716
190 156
206 620
221 910
241 885
GFS Expenses
156 338
181 054
194 042
200 448
214 778
230 788
GFS Net Operating Balance
10 588
4 662
-3 886
6 173
7 132
11 097
Net acquisition of non-financial assets
-1 226
-1 174
-371
-218
726
154
GFS Net Lending(+)/Borrowing(-)
11 814
5 836
-3 515
6 391
6 406
10 942
Cash Surplus (+)/Deficit (-)
12 944
5 906
-1 112
7 404
7 971
13 505
Total assets
149 974
145 678
142 173
146 075
159 484
174 544
Total liabilities
190 751
188 342
186 542
193 237
189 806
200 189
GFS Net worth
-40 776
-42 664
-44 369
-47 162
-30 322
-25 645

MAJOR AGGREGATES: GENERAL GOVERNMENT, STATE GOVERNMENTS

1999-2000
2000-01
2001-02
2002-03
2003-04
2004-05
$m
$m
$m
$m
$m
$m

GFS Revenue
95 226
101 269
106 833
113 838
124 021
131 915
GFS Expenses
90 853
99 654
104 185
109 611
117 328
125 171
GFS Net Operating Balance
4 373
1 615
2 648
4 226
6 693
6 745
New South Wales
2 036
1 545
1 569
1 800
1 126
695
Victoria
1 793
1 196
1 648
1 508
946
797
Queensland
1 062
-856
-895
17
3 337
3 924
South Australia
-329
-298
-97
448
387
225
Western Australia
-28
200
229
289
832
1 201
Tasmania
123
102
143
170
315
241
Northern Territory
-330
-79
61
-
-40
-26
Australian Capital Territory
48
-55
8
12
-197
-291
Net acquisition of non-financial assets
2 649
2 970
3 094
2 235
2 620
2 741
GFS Net Lending(+)/Borrowing(-)
1 724
-1 356
-447
1 992
4 073
4 004
New South Wales
1 431
667
569
638
6
-202
Victoria
1 159
543
728
614
-117
339
Queensland
-123
-1 669
-1 602
-139
2 837
2 871
South Australia
-466
-385
-125
413
425
120
Western Australia
-267
-387
7
188
597
908
Tasmania
165
130
167
212
379
210
Northern Territory
-304
-166
-251
-71
-21
-54
Australian Capital Territory
131
51
79
154
-19
-167
Cash Surplus (+)/Deficit (-)
1 833
2 761
4 205
4 393
6 817
7 803
New South Wales
1 926
1 825
2 550
2 327
1 444
1 253
Victoria
1 808
635
1 371
33
217
563
Queensland
-1 571
353
196
645
3 492
4 628
South Australia
-239
-106
-44
659
522
193
Western Australia
-378
-127
-30
174
459
858
Tasmania
218
147
214
302
370
242
Northern Territory
-64
-6
-242
25
38
53
Australian Capital Territory
188
241
263
257
300
35
Total assets
352 017
363 331
386 212
429 431
465 019
514 053
Total liabilities
105 082
105 337
113 446
121 818
122 734
126 721
GFS Net worth
246 935
257 994
272 767
307 612
342 285
387 333
New South Wales
88 068
91 810
98 431
121 039
124 283
128 690
Victoria
39 878
43 343
48 812
50 619
61 187
75 018
Queensland
57 775
57 623
58 092
64 893
77 724
96 433
South Australia
12 500
14 789
14 564
15 306
15 793
16 357
Western Australia
31 691
32 198
35 995
38 016
43 747
50 207
Tasmania
6 274
6 473
6 883
7 200
8 004
9 008
Northern Territory
3 537
4 407
2 165
1 910
2 166
2 353
Australian Capital Territory
7 214
7 351
7 825
8 629
9 380
9 265

- nil or rounded to zero (including null cells)

MAJOR AGGREGATES: TOTAL PUBLIC SECTOR, ALL LEVELS OF GOVERNMENT

1999-2000
2000-01
2001-02
2002-03
2003-04
2004-05
$m
$m
$m
$m
$m
$m

GFS Revenue
293 527
311 672
313 604
337 176
362 459
391 555
GFS Expenses
277 746
299 893
310 798
323 519
342 754
366 779
GFS Net Operating Balance
15 781
11 779
2 806
13 657
19 705
24 776
Net acquisition of non-financial assets
4 004
4 121
6 494
6 036
9 266
11 345
GFS Net Lending(+)/Borrowing(-)
11 777
7 657
-3 688
7 621
10 439
13 431
Cash Surplus (+)/Deficit (-)
14 888
10 836
4 282
12 714
16 571
21 017
Total assets
777 147
825 929
850 852
908 091
971 134
1 075 049
Total liabilities
456 317
464 233
463 826
475 043
478 616
520 333
GFS Net worth
294 103
324 815
356 982
403 581
460 525
523 549

MAJOR AGGREGATES: TOTAL PUBLIC SECTOR, COMMONWEALTH GOVERNMENT

1999-2000
2000-01
2001-02
2002-03
2003-04
2004-05
$m
$m
$m
$m
$m
$m

GFS Revenue
187 875
208 880
212 292
228 038
243 115
266 649
GFS Expenses
179 076
201 906
216 167
220 967
235 284
253 122
GFS Net Operating Balance
8 799
6 975
-3 875
7 071
7 831
13 527
Net acquisition of non-financial assets
839
-567
-636
-741
606
466
GFS Net Lending(+)/Borrowing(-)
7 960
7 541
-3 239
7 812
7 225
13 061
Cash Surplus (+)/Deficit (-)
8 995
7 524
-1 291
7 893
9 091
15 171
Total assets
186 350
204 002
202 113
200 030
215 310
245 242
Total liabilities
275 399
267 944
265 201
261 146
263 680
289 534
GFS Net worth
-115 887
-100 871
-93 238
-89 801
-79 546
-74 635

MAJOR AGGREGATES: TOTAL PUBLIC SECTOR, STATE GOVERNMENTS

1999-2000
2000-01
2001-02
2002-03
2003-04
2004-05
$m
$m
$m
$m
$m
$m

GFS Revenue
125 477
133 597
136 114
143 280
154 820
163 493
GFS Expenses
119 549
129 846
130 841
137 999
144 920
154 046
GFS Net Operating Balance
5 928
3 751
5 273
5 281
9 900
9 447
New South Wales
2 433
1 886
2 240
1 612
1 308
999
Victoria
1 569
1 030
2 388
1 653
2 628
1 555
Queensland
1 180
-538
-759
157
3 503
4 283
South Australia
-232
-149
-116
169
496
322
Western Australia
317
465
411
489
1 209
1 699
Tasmania
193
131
213
214
322
277
Northern Territory
-299
-75
70
-8
9
27
Australian Capital Territory
47
1
57
161
-151
-377
Net acquisition of non-financial assets
1 751
3 347
5 729
5 423
6 547
7 851
GFS Net Lending(+)/Borrowing(-)
4 178
404
-456
-142
3 353
1 596
New South Wales
556
873
-55
-667
-948
-1 501
Victoria
405
-83
793
-90
96
79
Queensland
-567
-2 022
-1 829
-865
2 802
1 736
South Australia
3 206
959
8
88
468
162
Western Australia
-214
-459
-45
136
113
655
Tasmania
246
190
-35
176
250
184
Northern Territory
-291
-212
-228
-68
-7
-92
Australian Capital Territory
142
106
156
300
-35
-304
Cash Surplus (+)/Deficit (-)
5 985
3 627
4 993
4 604
7 305
6 589
New South Wales
1 631
1 283
2 165
1 542
883
103
Victoria
1 434
857
1 943
313
1 339
763
Queensland
-1 918
-316
13
387
3 120
4 422
South Australia
3 858
1 468
152
392
613
406
Western Australia
-188
-661
-141
-53
49
48
Tasmania
300
147
43
398
315
228
Northern Territory
-49
-106
-233
100
61
-3
Australian Capital Territory
180
162
231
283
248
-88
Total assets
427 699
452 548
467 871
520 811
556 599
615 875
Total liabilities
180 763
194 555
195 101
213 195
214 312
228 531
GFS Net worth
246 935
257 994
272 770
307 613
342 286
387 338
New South Wales
88 068
91 810
98 431
121 040
124 281
128 690
Victoria
39 878
43 343
48 812
50 619
61 187
75 018
Queensland
57 775
57 623
58 092
64 891
77 724
96 433
South Australia
12 500
14 788
14 564
15 306
15 793
16 357
Western Australia
31 691
32 197
35 996
38 016
43 747
50 208
Tasmania
6 274
6 473
6 887
7 200
8 004
9 013
Northern Territory
3 537
4 408
2 165
1 910
2 166
2 354
Australian Capital Territory
7 214
7 351
7 825
8 629
9 380
9 265


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