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5501.0.55.001 - Government Financial Estimates, Australia, 2007-08  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 29/08/2007   
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The table below presents the 2007-08 GFS net operating balance and net lending(+)/borrowing(-) estimates for the general government sector for each level of government. The GFS net operating balance for all levels of government in 2007-08 is estimated to be $18,844 million. The all levels of government net acquisition of non-financial assets is expected to be $12,866 million, resulting in an estimated net lending/borrowing position for 2007-08 of $5,978 million.

ALL LEVELS OF GOVERNMENT, OPERATING STATEMENT - 2007-08
General Government
Commonwealth
Multi-
jurisdictional
(a)
State
Local
All levels of
government (b)

$m
$m
$m
$m
$m
GFS Revenue
289,745
16,278
154,061
25,440
399,680
GFS Expenses
276,703
14,855
151,316
22,642
380,837
GFS Net Operating Balance
13,042
1,423
2,745
2,798
18,844
Net acquisition of non-financial assets
1,172
610
8,525
2,559
12,866
GFS Net Lending(+)/ Borrowing(-)
11,869
813
-5,780
239
5978

(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) The sum of individual levels of government may not agree with total All levels of government figures due to transfers between levels of government.


2007-08 CASH FLOW STATEMENT

The table below presents the 2007-08 GFS surplus(+)/deficit(-) estimates for the general government sector for each level of government. The GFS surplus(+)/deficit(-) for all levels of government for 2007-08 is estimated to be $11,587 million.


ALL LEVELS OF GOVERNMENT, CASH FLOW STATEMENT - 2007-08

General Government

Commonwealth
Multi-
jurisdictional
(a)
State
Local
All levels of
government (b)

$m
$m
$m
$m
$m
Surplus(+)/Deficit(-)
13,522
1,270
-3,484
-690
11,587

(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) The sum of individual levels of government may not agree with total All levels of government figures due to transfers between levels of government.

KEY STATE GOVERNMENT BALANCES

The table below presents 2007-08 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 2007-08
General Government

Operating Statement
Cash Flow Statement


GFS Net
Operating
Balance
GFS Net
Lending (+)/
Borrowing(-)
Surplus(+)/
Deficit(-)

$m
$m
$m
New South Wales
377
-1,674
-1,991
Victoria
438
-906
-623
Queensland
269
-2,776
-891
South Australia
41
-427
-385
Western Australia
1,453
295
220
Tasmania
-39
-32
115
Northern Territory
26
-99
-40
Australian Capital Territory
14
-180
109



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