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5512.0 - Government Finance Statistics, Australia, 2003-04  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 15/04/2005   
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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 2003-04;
  • Cash flow statements for 2003-04; and
  • Balance sheets at 30 June 2004.

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 sectors can be accessed from AusStats (at www.abs.gov.au).


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. While some revisions have been made to the time series data further revisions are expected to be incorporated in the release of the 2004-05 GFS data in 2006.



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.


Wherever the term 'state' is used, this term 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 Robert Bourke on Canberra (02) 6252 7589.



SUMMARY OF FINDINGS


ACCRUAL OPERATING RESULTS

The GFS net operating balance for all levels of government in 2003-04 was $15,639 million and $18,484 million for the general government sector and total public sector respectively. In the same year, GFS net lending was $10,223 million and $9,222 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 2003-04.

OPERATING RESULTS - 2003-04

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

All levels of government
GFS Revenue
310,256
352,725
360,417
GFS Expenses
294,617
333,494
341,933
GFS Net Operating Balance
15,639
19,231
18,484
Net acquisition of non-financial assets
5,415
9,258
9,262
GFS Net Lending(+)/Borrowing(-)
10,223
9,972
9,222
Commonwealth Government
GFS Revenue
221,545
241,240
242,755
GFS Expenses
214,430
232,131
234,940
GFS Net Operating Balance
7,115
9,109
7,815
Net acquisition of non-financial assets
726
588
606
GFS Net Lending(+)/Borrowing(-)
6,389
8,521
7,209
State and local governments
GFS Revenue
140,831
163,537
169,843
GFS Expenses
132,232
153,478
159,228
GFS Net Operating Balance
8,600
10,059
10,615
Net acquisition of non-financial assets
4,452
8,452
8,438
GFS Net Lending(+)/Borrowing(-)
4,148
1,606
2,177
Multi-jurisdictional(a)
GFS Revenue
12,480
12,909
12,909
GFS Expenses
11,873
12,163
12,163
GFS Net Operating Balance
607
746
746
Net acquisition of non-financial assets
238
219
219
GFS Net Lending(+)/Borrowing(-)
369
527
527

(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 currently falling into this category are the public universities.



CASH OPERATING RESULTS

In 2003-04 the general government sector and total public sector, for all levels of government, recorded surpluses of $14,399 million and $14,871 million respectively.


The following table presents the surplus/deficit results for each jurisdiction for 2003-04 for general government, the non-financial public sector and the total public sector.

CASH OPERATING RESULTS - 2003-04

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

SURPLUS(+)/DEFICIT(-)

Commonwealth Government
7,971
9,546
9,353
State and local governments
New South Wales
1,423
1,136
356
Victoria
-56
-708
934
Queensland
3,544
3,623
3,130
South Australia
514
482
613
Western Australia
497
90
88
Tasmania
379
246
273
Northern Territory
7
21
35
Australian Capital Territory
300
248
248
Total
6,658
5,156
5,687
Multi-jurisdictional(a)
297
367
367
Total
14,399
14,527
14,871

(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 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 2004 for the general government sector for all levels of government was $508,184 million. The consolidated net worth for the total public sector was $459,167 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 2004 across the various levels of government.

BALANCE SHEET RESULTS - AT 30 JUNE 2004

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

All levels of government
Total assets
830,800
880,828
973,042
Total liabilities
322,616
389,697
482,179
Shares and other contributed capital
-
31,965
31,697
GFS Net worth
508,184
459,166
459,167
Commonwealth government
Total assets
159,484
159,795
215,120
Total liabilities
189,806
208,166
263,744
Shares and other contributed capital
-
31,105
30,853
GFS Net worth
-30,322
-79,477
-79,477
State and local governments
Total assets
647,684
695,935
739,355
Total liabilities
132,670
180,878
224,313
GFS Net worth
515,014
515,013
515,014
Multi-jurisdictional(a)
Total assets
30,091
31,769
31,769
Total liabilities
6,599
7,323
7,323
GFS Net worth
23,492
23,629
23,629

- 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 type 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 2004 as a percentage of gross domestic product (GDP) for all levels of government.

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




EXPENSES BY PURPOSE

The following table shows general government expenses by selected purpose categories by level of government for 2003-04.

EXPENSES BY SELECTED PURPOSES - 2003-04

All levels of government
Commonwealth government
State and
local
governments
Multi-
jurisdictional(a)
$m
$m
$m
$m

Social security and welfare
86,706
80,102
8,414
-
Health
51,558
31,770
28,813
-
Education
43,611
13,398
31,251
11,718
General public services
18,100
10,584
8,459
116
Public debt transactions(b)
14,857
9,099
5,918
39
Transport and communications
16,340
2,827
14,883
-
Defence
12,949
12,949
-
-
Public order and safety
13,553
2,385
11,350
-
Housing and community amenities
9,445
1,633
8,722
-
Other economic affairs
7,302
4,224
3,107
-
Recreation and culture
7,897
2,165
5,795
-
Agriculture, forestry and fishing
3,991
2,021
2,395
-
Fuel and energy
4,685
3,556
1,189
-
Mining, manufacturing and construction
2,322
1,589
734
-
Other
1,301
36,127
1,200
-
Total
294,617
214,430
132,232
11,873

- 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 type of units currently falling into this category are the public universities.
(b) Includes nominal interest on superannuation.


The following graph shows the main general government expenses by purpose for all Australian governments for 2003-04 as a percentage of GDP.

GENERAL GOVERNMENT EXPENSES BY PURPOSE AS A PERCENTAGE OF GDP
Graph: GENERAL GOVERNMENT EXPENSES BY PURPOSE 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

1998-99
1999-2000
2000-01
2001-02
2002-03
2003-04
$m
$m
$m
$m
$m
$m

GFS Revenue
226,621
242,795
257,002
262,619
286,484
310,256
GFS Expenses
216,210
226,465
249,143
262,231
275,027
294,617
GFS Net Operating Balance
10,411
16,331
7,860
387
11,456
15,639
Net acquisition of non-financial assets
3,648
2,499
3,128
4,125
3,572
5,415
GFS Net Lending(+)/Borrowing(-)
6,763
13,832
4,731
-3,737
7,884
10,223
Cash Surplus (+)/Deficit (-)
1,841
14,964
8,307
3,523
10,859
14,399
Total assets
652,967
671,323
683,164
711,791
768,906
830,800
Total liabilities
303,856
302,698
300,971
308,768
322,822
322,616
GFS Net worth
349,111
368,626
382,192
403,024
446,295
508,184

MAJOR AGGREGATES: GENERAL GOVERNMENT, COMMONWEALTH

1998-99
1999-2000
2000-01
2001-02
2002-03
2003-04
$m
$m
$m
$m
$m
$m

GFS Revenue
153,263
166,643
185,431
189,799
206,299
221,545
GFS Expenses
148,391
156,105
180,770
193,682
200,159
214,430
GFS Net Operating Balance
4,872
10,538
4,662
-3,883
6,140
7,115
Net acquisition of non-financial assets
169
-1,226
-1,174
-371
-218
726
GFS Net Lending(+)/Borrowing(-)
4,703
11,765
5,836
-3,512
6,358
6,389
Cash Surplus (+)/Deficit (-)
3,934
12,944
5,906
-1,112
7,404
7,971
Total assets
155,260
149,974
145,678
142,173
146,075
159,484
Total liabilities
186,607
190,751
188,342
186,542
193,237
189,806
GFS Net worth
-31,348
-40,776
-42,664
-44,369
-47,162
-30,322

MAJOR AGGREGATES: GENERAL GOVERNMENT, STATE GOVERNMENTS

1998-99
1999-2000
2000-01
2001-02
2002-03
2003-04
$m
$m
$m
$m
$m
$m

GFS Revenue
91,844
95,227
101,268
106,829
113,852
123,969
GFS Expenses
88,140
90,823
99,676
104,198
109,620
117,312
GFS Net Operating Balance
3,705
4,404
1,592
2,631
4,232
6,657
New South Wales
1,059
2,036
1,545
1,569
1,800
1,126
Victoria
3,256
1,797
1,199
1,648
1,531
958
Queensland
142
1,062
-856
-895
17
3,339
South Australia
-208
-329
-298
-97
448
387
Western Australia
-134
-31
167
196
257
794
Tasmania
31
123
102
143
170
313
Northern Territory
-339
-329
-76
63
-1
-40
Australian Capital Territory
-137
53
-55
8
12
-203
Net acquisition of non-financial assets
2,420
2,649
3,013
3,094
2,318
2,594
GFS Net Lending(+)/Borrowing(-)
1,285
1,756
-1,420
-463
1,914
4,063
New South Wales
-13
1,431
667
569
638
6
Victoria
2,848
1,162
507
729
554
-81
Queensland
-581
-123
-1,669
-1,602
-139
2,838
South Australia
-227
-466
-385
-125
413
425
Western Australia
-346
-270
-420
-25
156
559
Tasmania
24
165
130
167
212
379
Northern Territory
-362
-303
-163
-249
-72
-21
Australian Capital Territory
-94
137
51
79
154
-25
Cash Surplus (+)/Deficit (-)
-2,558
1,861
2,724
4,247
4,273
6,981
New South Wales
-2,835
1,926
1,825
2,550
2,327
1,444
Victoria
-190
1,808
595
1,372
-102
309
Queensland
666
-1,571
353
196
645
3,491
South Australia
-212
-239
-106
-44
659
523
Western Australia
-19
-378
-127
-29
174
459
Tasmania
79
218
147
214
302
370
Northern Territory
-84
-64
-6
-242
23
36
Australian Capital Territory
21
188
241
263
257
300
Total assets
341,087
351,974
363,207
386,093
429,652
465,065
Total liabilities
110,537
105,133
105,522
113,453
120,481
122,736
GFS Net worth
230,549
246,841
257,685
272,639
309,172
342,329
New South Wales
78,947
88,068
91,810
98,431
121,039
124,283
Victoria
35,113
39,783
43,036
48,685
52,179
61,233
Queensland
58,468
57,775
57,623
58,092
64,893
77,724
South Australia
10,622
12,500
14,789
14,564
15,306
15,793
Western Australia
31,486
31,691
32,198
35,995
38,016
43,747
Tasmania
5,462
6,274
6,473
6,883
7,200
8,003
Northern Territory
3,623
3,537
4,407
2,165
1,909
2,166
Australian Capital Territory
6,827
7,214
7,350
7,825
8,629
9,380

MAJOR AGGREGATES: TOTAL PUBLIC SECTOR, ALL LEVELS OF GOVERNMENT

1998-99
1999-2000
2000-01
2001-02
2002-03
2003-04
$m
$m
$m
$m
$m
$m

GFS Revenue
278,981
292,465
310,375
312,146
335,855
360,417
GFS Expenses
267,385
277,501
299,625
310,143
323,268
341,933
GFS Net Operating Balance
11,596
14,964
10,750
2,002
12,588
18,484
Net acquisition of non-financial assets
8,578
3,940
4,424
6,470
6,398
9,262
GFS Net Lending(+)/Borrowing(-)
3,018
11,024
6,325
-4,468
6,190
9,222
Cash Surplus (+)/Deficit (-)
-1,930
13,874
9,391
3,089
10,753
14,871
Total assets
737,681
779,692
825,650
848,123
909,734
973,042
Total liabilities
447,538
459,450
464,743
464,232
476,904
482,179
GFS Net worth
248,014
293,504
323,975
354,143
403,777
459,167

MAJOR AGGREGATES: TOTAL PUBLIC SECTOR, COMMONWEALTH GOVERNMENT

1998-99
1999-2000
2000-01
2001-02
2002-03
2003-04
$m
$m
$m
$m
$m
$m

GFS Revenue
178,336
187,592
208,532
211,907
227,649
242,755
GFS Expenses
172,585
178,843
201,558
215,779
220,613
234,940
GFS Net Operating Balance
5,751
8,750
6,975
-3,872
7,036
7,815
Net acquisition of non-financial assets
2,478
839
-567
-636
-741
606
GFS Net Lending(+)/Borrowing(-)
3,273
7,910
7,541
-3,236
7,777
7,209
Cash Surplus (+)/Deficit (-)
3,055
8,995
7,524
-1,291
7,893
9,353
Total assets
165,379
186,350
204,002
202,113
199,846
215,120
Total liabilities
255,651
275,399
267,944
265,201
261,203
263,744
GFS Net worth
-132,445
-115,898
-100,881
-93,255
-89,801
-79,477

MAJOR AGGREGATES: TOTAL PUBLIC SECTOR, STATE GOVERNMENTS

1998-99
1999-2000
2000-01
2001-02
2002-03
2003-04
$m
$m
$m
$m
$m
$m

GFS Revenue
120,015
124,780
132,501
135,149
142,414
153,439
GFS Expenses
115,996
119,899
130,221
130,955
138,162
144,809
GFS Net Operating Balance
4,020
4,882
2,280
4,194
4,253
8,630
New South Wales
1,042
2,433
1,886
2,240
1,612
1,308
Victoria
2,118
1,527
1,024
2,392
1,675
2,678
Queensland
812
1,180
-538
-759
161
3,518
South Australia
-67
-233
-149
-116
169
496
Western Australia
499
314
432
378
375
1,171
Tasmania
57
-9
-80
-9
214
317
Northern Territory
-337
-297
-80
105
-24
8
Australian Capital Territory
-121
30
-22
34
138
-157
Net acquisition of non-financial assets
5,045
1,648
3,534
5,695
5,660
6,581
GFS Net Lending(+)/Borrowing(-)
-1,025
3,234
-1,253
-1,501
-1,407
2,049
New South Wales
-710
556
873
-55
-667
-948
Victoria
983
364
-129
751
-360
112
Queensland
-1,218
-567
-2,022
-1,829
-861
2,816
South Australia
48
3,273
959
8
88
468
Western Australia
103
-217
-492
-78
104
75
Tasmania
34
44
-21
-257
176
257
Northern Territory
-265
-289
-318
-193
-85
-7
Australian Capital Territory
-24
124
83
133
277
-41
Cash Surplus (+)/Deficit (-)
-5,426
5,185
2,523
4,041
3,394
5,970
New South Wales
-2,543
1,634
1,296
2,148
1,582
924
Victoria
-1,854
1,435
793
1,926
-76
1,298
Queensland
-1,080
-1,918
-316
13
387
3,119
South Australia
263
3,858
1,468
152
392
622
Western Australia
-3
-188
-661
-141
-53
49
Tasmania
38
300
147
43
398
254
Northern Territory
-156
-49
-207
-183
98
59
Australian Capital Territory
42
180
162
231
283
248
Total assets
420,739
427,706
452,482
467,409
523,603
559,475
Total liabilities
190,136
180,864
194,798
195,114
214,426
217,157
GFS Net worth
230,550
246,841
257,686
272,644
309,173
342,330
New South Wales
78,947
88,068
91,810
98,431
121,040
124,281
Victoria
35,113
39,783
43,036
48,685
52,179
61,233
Queensland
58,469
57,775
57,623
58,092
64,891
77,724
South Australia
10,623
12,500
14,788
14,564
15,306
15,793
Western Australia
31,486
31,691
32,197
35,996
38,016
43,747
Tasmania
5,462
6,274
6,473
6,887
7,200
8,003
Northern Territory
3,624
3,537
4,408
2,166
1,910
2,166
Australian Capital Territory
6,827
7,214
7,350
7,825
8,629
9,380


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