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
GFS KEY FIGURES: ALL LEVELS OF GOVERNMENT, ORIGINAL
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:
QUARTERLY NATIONAL ACCOUNTS PUBLIC SECTOR MEASURES – KEY FIGURES, SEASONALLY ADJUSTED
– 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
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.
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:
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