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5512.0 - Government Finance Statistics, Australia, 2006-07 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 15/04/2008   
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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 2006-07;
  • Cash flow statements for 2006-07; and
  • Balance sheets at 30 June 2007.
 
Data for public non-financial corporations and public financial corporations are available on the ABS web site along with other time series tables.
 
Users interested in quarterly GFS data for the current financial year should refer to Government Finance Statistics, Australia, Quarterly (Cat. no. 5519.0.55.001).
 
 
TERMINOLOGY
 
Within GFS the consolidated total of the general government and the public non-financial corporations sectors is referred to as the 'non-financial public sector'. The consolidated total of the general government, the public non-financial corporations and the 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 Glynis Orrell on Canberra (02) 6252 5735.
 
 
SUMMARY OF FINDINGS
 
 
ACCRUAL OPERATING RESULTS
 
The GFS net operating balance for all levels of government in 2006-07 was $29,002 million for the general government sector and $33,805 million for the total public sector.
 
GFS net lending in 2006-07 was $16,804 million for the general government sector and $10,037 million for the total public sector.
 
The following table shows 2006-07 GFS operating statement aggregates by sector across the various levels of government.
 

Operating Results - 2006-07

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

All levels of Government
GFS Revenue
389 729
431 363
443 088
GFS Expenses
360 728
399 407
409 283
GFS Net Operating Balance
29 002
31 956
33 805
Net acquisition of non-financial assets
12 198
23 641
23 768
GFS Net Lending(+)/Borrowing(-)
16 804
8 315
10 037
Commonwealth Government
GFS Revenue
277 830
289 408
293 743
GFS Expenses
258 551
271 045
274 799
GFS Net Operating Balance
19 279
18 362
18 944
Net acquisition of non-financial assets
2 207
3 053
3 102
GFS Net Lending(+)/Borrowing(-)
17 071
15 309
15 842
State and Local Government
GFS Revenue
173 924
203 575
211 003
GFS Expenses
163 978
189 852
196 012
GFS Net Operating Balance
9 946
13 724
14 991
Net acquisition of non-financial assets
9 241
19 830
19 908
GFS Net Lending(+)/Borrowing(-)
705
-6 106
-4 917
Multi-jurisdictional(a)
GFS Revenue
15 783
16 380
16 380
GFS Expenses
14 588
15 090
15 090
GFS Net Operating Balance
1 195
1 290
1 290
Net acquisition of non-financial assets
750
759
759
GFS Net Lending(+)/Borrowing(-)
445
532
532

(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 2006-07 the general government sector and total public sector, for all levels of government, recorded surpluses of $15,777 million and $6,750 million respectively.
 
The following table presents the 2006-07 surplus/deficit results by sector for each jurisdiction.
 

Cash Operating Results - 2006-07

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

SURPLUS (+)/DEFICIT(-)

Commonwealth government
19 264
17 505
17 255
State and Local Government
New South Wales
-7 505
-8 984
-8 546
Victoria
693
110
-686
Queensland
2 071
-1 881
-1 817
South Australia
-84
-108
136
Western Australia
1 550
248
513
Tasmania
191
199
255
Northern Territory
185
128
182
Australian Capital Territory
270
261
261
Total
-2 627
-10 033
-9 706
Multi-jurisdictional
286
343
343
Total
15 777
6 675
6 750

 
 
BALANCE SHEET RESULTS
 
GFS net worth reflects the contribution of governments to the wealth of Australia. The consolidated net worth as at 30 June 2007 for all levels of government was $708,729 million.
 
The following table presents 30 June 2007 balance sheet aggregates by sector for the various levels of government.
 

Balance Sheet Results - At 30 June 2007

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

All Levels of Government
Total assets
1 076 642
1 156 328
1 285 652
Total liabilities
367 914
447 599
576 923
Shares and other contributed capital
-
-
-
GFS Net worth
708 729
708 729
708 729
Commonwealth Government
Total assets
215 362
218 027
295 426
Total liabilities
212 166
214 832
292 230
Shares and other contributed capital
-
-
-
GFS Net worth
3 196
3 196
3 196
State and Local Government
Total assets
828 971
905 316
962 427
Total liabilities
152 907
229 252
286 363
GFS Net worth
676 064
676 064
676 064
Multi-jurisdictional(a)
Total assets
40 183
42 628
42 628
Total liabilities
10 714
11 867
11 867
GFS Net worth
29 470
29 470
29 470

- 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 the public universities.

 
 
TIME SERIES
 
GFS revenue for the general government sector across all levels of government increased by $26,530 million (7.3%) from $363,199 million in 2005-06 to $389,729 million in 2006-07. Over the same period GFS expenses have increased by $26,050 million (7.8%) from $334,678 million to $360,728 million. This resulted in an increase of $481 million in the GFS net operating balance from $28,521 million to $29,002 million.
 
Between 30 June 2006 and 30 June 2007 GFS net worth for all levels of government increased by $83,622 million from $625,107 million to $708,729 million.
 
The following tables show a time series of major aggregates for the general government across different levels of government.
 

Major aggregates, General Government, All levels of Government

2001-02
2002-03
2003-04
2004-05
2005-06
2006-07
$m
$m
$m
$m
$m
$m

GFS Revenue
262 773
286 317
310 332
335 559
363 199
389 729
GFS Expenses
261 626
274 840
295 199
315 990
334 678
360 728
GFS Net Operating Balance
1 147
11 477
15 132
19 569
28 521
29 002
Net acquisition of non-financial assets
4 015
3 481
5 054
5 514
8 555
12 198
GFS Net Lending(+)/Borrowing(-)
-2 868
7 997
10 078
14 055
19 966
16 804
Cash Surplus (+)/Deficit (-)
3 100
11 104
15 032
22 007
26 055
15 777
Total assets
713 948
769 315
830 809
909 590
989 209
1 076 642
Total liabilities
308 414
323 604
321 535
336 405
364 102
367 914
GFS Net worth
405 523
445 712
509 274
573 185
625 107
708 729

 

Major Aggregates, General Government, Commonwealth

2001-02
2002-03
2003-04
2004-05
2005-06
2006-07
$m
$m
$m
$m
$m
$m

GFS Revenue
190 156
206 620
221 910
241 885
260 592
277 830
GFS Expenses
194 042
200 482
214 374
229 978
242 582
258 551
GFS Net Operating Balance
-3 886
6 139
7 536
11 907
18 010
19 279
Net acquisition of non-financial assets
-371
-218
726
154
1 434
2 207
GFS Net Lending(+)/Borrowing(-)
-3 515
6 357
6 810
11 753
16 577
17 071
Cash Surplus (+)/Deficit (-)
-1 112
7 404
8 125
13 505
15 720
19 264
Total assets
142 173
146 075
159 484
174 544
196 662
215 362
Total liabilities
186 542
193 237
189 386
199 358
206 849
212 166
GFS Net worth
-44 369
-47 162
-29 901
-24 814
-10 187
3 196

 

MAJOR AGGREGATES, General Government - State Government

2001-02
2002-03
2003-04
2004-05
2005-06
2006-07
$m
$m
$m
$m
$m
$m

GFS Revenue
106 724
113 824
124 031
131 922
142 577
152 768
GFS Expenses
103 256
109 664
117 618
125 337
134 616
145 992
GFS Net Operating Balance
3 468
4 160
6 413
6 585
7 962
6 776
New South Wales
1 569
1 801
1 126
695
1 033
774
Victoria
2 573
1 479
942
797
810
1 413
Queensland
-902
12
3 335
3 919
3 716
1 861
South Australia
-97
448
387
156
219
227
Western Australia
198
253
807
1 191
2 265
2 303
Tasmania
143
170
62
147
20
14
Northern Territory
24
-2
-45
-30
29
145
Australian Capital Territory
-40
-1
-202
-297
-134
31
Net acquisition of non-financial assets
3 011
2 244
2 288
2 483
3 955
5 777
GFS Net Lending(+)/Borrowing(-)
456
1 916
4 125
4 102
4 007
999
New South Wales
569
639
6
-202
-484
-1 040
Victoria
1 719
590
197
586
326
505
Queensland
-1 609
-144
2 835
2 866
2 480
-206
South Australia
-125
413
435
51
79
71
Western Australia
-25
130
570
898
1 846
1 534
Tasmania
167
212
126
118
-16
49
Northern Territory
-279
-73
-27
-57
-62
74
Australian Capital Territory
39
150
-19
-163
-166
5
Cash Surplus (+)/Deficit (-)
4 206
4 532
7 264
8 145
10 490
-2 568
New South Wales
2 551
2 336
1 444
1 312
2 087
-7 462
Victoria
1 324
33
529
815
935
530
Queensland
196
646
3 493
4 629
4 649
2 308
South Australia
-45
659
531
191
188
-25
Western Australia
-31
259
554
859
2 301
1 460
Tasmania
213
300
370
244
209
167
Northern Territory
-273
34
38
53
38
183
Australian Capital Territory
263
257
299
35
76
270
Total assets
387 082
430 246
465 745
514 785
552 294
601 081
Total liabilities
113 412
121 784
122 737
126 721
144 444
141 631
GFS Net worth
273 670
308 462
343 008
388 064
407 850
459 450
New South Wales
98 879
121 473
124 649
129 053
127 818
134 980
Victoria
48 812
50 619
61 187
75 018
75 488
84 627
Queensland
58 087
64 896
77 722
96 433
105 033
117 832
South Australia
15 012
15 740
16 159
16 721
20 291
22 746
Western Australia
36 016
38 012
43 741
50 212
57 941
75 709
Tasmania
6 883
7 200
8 004
9 008
9 107
9 653
Northern Territory
2 165
1 892
2 166
2 353
2 727
2 721
Australian Capital Territory
7 815
8 629
9 380
9 265
9 445
11 182

 
For the total public sector across all levels of government, GFS revenue increased by $22,709 million (5.4%) from $420,379 million in 2005-06 to $443,088 million in 2006-07. GFS expenses increased by $17,599 (4.5%) from $391,684 million to $409,283 million. As a result GFS net operating balance increased by $5,111 million from $28,694 million in 2005-06 to $33,805 million in 2006-07
 
Between 30 June 2006 and 30 June 2007 GFS net worth across the total public sector increased by $116,933 million from $591,796 million to $708,729 million.
 
The following tables show a time series of major aggregates for the total public sector across different levels of government.
 

Major Aggregates, Total Public Sector, All Levels of Governments

2001-02
2002-03
2003-04
2004-05
2005-06
2006-07
$m
$m
$m
$m
$m
$m

GFS Revenue
312 649
336 176
360 774
390 713
420 379
443 088
GFS Expenses
309 645
323 430
342 454
366 710
391 684
409 283
GFS Net Operating Balance
3 004
12 746
18 320
24 002
28 694
33 805
Net acquisition of non-financial assets
6 645
6 091
7 434
11 080
16 790
23 768
GFS Net Lending(+)/Borrowing(-)
-3 640
6 655
10 886
12 922
11 904
10 037
Cash Surplus (+)/Deficit (-)
2 905
11 288
16 339
21 640
20 374
6 750
Total assets
851 083
906 797
969 482
1 074 074
1 172 259
1 285 652
Total liabilities
464 256
475 087
478 253
519 535
558 393
576 923
GFS Net worth
356 653
403 072
460 051
524 194
591 796
708 729

 
For the Commonwealth Government total public sector, GFS revenue increased by $7,994 million (2.8%) from $285,749 million in 2005-06 to $293,743 million in 2006-07. GFS expenses increased by $5,806 (2.2%) from $268,993 million to $274,799 million. As a result GFS net operating balance increased by $2,188 million from $16,756 million in 2005-06 to $18,944 million in 2006-07
 
Between 30 June 2006 and 30 June 2007 GFS net worth across the total public sector increased by $46,693 million from $-43,497 million to $3,196 million.
 
The data for 2006-07 has been impacted by the privatisation of Telstra on 20 November 2007.
 

Major Aggregates, Total Public Sector, Commonwealth Government

2001-02
2002-03
2003-04
2004-05
2005-06
2006-07
$m
$m
$m
$m
$m
$m

GFS Revenue
212 292
228 038
243 115
266 649
285 749
293 743
GFS Expenses
216 167
221 001
234 882
252 318
268 993
274 799
GFS Net Operating Balance
-3 875
7 037
8 233
14 331
16 756
18 944
Net acquisition of non-financial assets
-636
-741
606
466
2 089
3 102
GFS Net Lending(+)/Borrowing(-)
-3 239
7 778
7 628
13 865
14 667
15 842
Cash Surplus (+)/Deficit (-)
-1 291
7 893
9 245
15 171
14 656
17 255
Total assets
202 128
200 035
215 325
245 245
275 688
295 426
Total liabilities
265 217
261 151
263 274
288 705
297 116
292 230
GFS Net worth
-93 238
-89 801
-79 125
-73 804
-43 497
3 196

 

Major Aggregates, Total Public Sector, State Government

2001-02
2002-03
2003-04
2004-05
2005-06
2006-07
$m
$m
$m
$m
$m
$m

GFS Revenue
135 311
142 692
153 825
162 886
175 076
190 285
GFS Expenses
130 007
138 327
144 970
154 370
165 742
178 486
GFS Net Operating Balance
5 304
4 365
8 855
8 516
9 334
11 798
New South Wales
2 409
1 768
1 283
987
1 654
3 298
Victoria
3 300
1 626
2 612
1 499
970
2 271
Queensland
-767
147
3 494
4 279
4 138
2 785
South Australia
-116
169
496
253
172
342
Western Australia
363
360
1 140
1 675
2 605
2 758
Tasmania
232
235
89
188
54
47
Northern Territory
-27
-18
1
22
70
227
Australian Capital Territory
-57
86
-232
-386
-334
66
Net acquisition of non-financial assets
5 916
5 361
4 798
7 556
11 247
16 173
GFS Net Lending(+)/Borrowing(-)
-612
-996
4 056
960
-1 912
-4 375
New South Wales
89
-471
-936
-1 497
-2 036
-1 752
Victoria
1 772
-113
886
316
-353
55
Queensland
-1 837
-875
3 383
1 732
162
-4 016
South Australia
8
88
478
93
107
61
Western Australia
-348
64
390
631
630
964
Tasmania
-16
196
17
96
-153
69
Northern Territory
-321
-78
-14
-97
-74
82
Australian Capital Territory
43
226
-119
-313
-201
159
Cash Surplus (+)/Deficit (-)
4 190
4 072
7 415
6 315
6 075
-9 395
New South Wales
2 308
2 109
849
190
1 067
-8 503
Victoria
1 882
327
1 423
1 080
896
-850
Queensland
13
387
3 710
4 422
2 140
-1 323
South Australia
151
391
622
406
540
194
Western Australia
-134
39
149
37
1 069
423
Tasmania
42
396
336
256
178
227
Northern Territory
-279
98
58
-5
80
181
Australian Capital Territory
233
290
252
-88
79
261
Total assets
468 933
521 614
557 358
616 660
663 850
737 769
Total liabilities
195 262
213 162
214 347
228 594
256 000
278 319
GFS Net worth
273 670
308 461
343 009
388 064
407 849
459 450
New South Wales
98 877
121 472
124 646
129 053
127 818
134 980
Victoria
48 812
50 619
61 187
75 018
75 488
84 627
Queensland
58 087
64 896
77 722
96 433
105 032
117 832
South Australia
15 012
15 740
16 159
16 721
20 290
22 746
Western Australia
36 017
38 012
43 741
50 213
57 941
75 709
Tasmania
6 883
7 200
8 004
9 008
9 107
9 653
Northern Territory
2 165
1 892
2 166
2 354
2 727
2 721
Australian Capital Territory
7 815
8 629
9 380
9 265
9 445
11 182

 

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