Australian Bureau of Statistics

Rate this page
ABS Home > News & Media > Media Releases by Release Date
ABS @ Facebook ABS @ Twitter ABS RSS ABS Email notification service
Government Financial Estimates, Australia, 2006-07
   Page tools: Print Print Page Print all pages in this productPrint All RSS Feed RSS Bookmark and Share Search this Product


November 3, 2006

URGENT ATTENTION: News Editors, Finance Reporters

Error in Government Financial Estimates released Friday 3 November

There was an error in the Australian Bureau of Statistics (ABS) publication "Government Finance Estimates" (cat. no. 5501.0.55.001) which was released today. The error originated in the ABS at the data entry stage.

The error relates to the revenue estimates for New South Wales. Correction of the error will result in the following revised key balances for NSW.

Net operating result: -711
Net lending/borrowing: -2484
Cash surplus/deficit: -9810

The ABS will release a corrected publication early next week.

The ABS's processes for reviewing the estimates prior to publication, which includes a review of the estimates by the relevant jurisdictions, failed to pick up the error.

An internal review has been commissioned to identify why the error was able to occur and how it can be prevented in the future.

Bookmark and Share. Opens in a new window

Commonwealth of Australia 2016

Unless otherwise noted, content on this website is licensed under a Creative Commons Attribution 2.5 Australia Licence together with any terms, conditions and exclusions as set out in the website Copyright notice. For permission to do anything beyond the scope of this licence and copyright terms contact us.