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5519.0.55.001 - Government Finance Statistics, Australia, September Quarter 2014 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 02/12/2014   
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SEPTEMBER QUARTER 2014 KEY FIGURES: ALL LEVELS OF GOVERNMENT


In the September quarter 2014:

  • Taxation revenue decreased 15.1% to $99,763m from $117,469m in the June quarter 2014.
  • General government sector expenses exceeded revenue resulting in a GFS net operating balance of –$19,288m.
  • The GFS net lending(+)/borrowing(–) position for the general government sector was –$22,035m.

GFS KEY FIGURES: ALL LEVELS OF GOVERNMENT, ORIGINAL

Jun Qtr 2014
Sep Qtr 2014
Jun Qtr 2014 to
Sep Qtr 2014
$m
$m
% change

Current Prices
Taxation revenue
General government
117 469
99 763
–15.1
Total revenue
General government
147 057
126 134
–14.2
Public Non–Financial corporations
20 494
19 890
–2.9
Total expenses
General government
143 874
145 421
1.1
Public Non–Financial corporations
22 636
19 345
–14.5
GFS Net operating balance
General government
3 182
–19 288
. .
Public Non–Financial corporations
–2 142
545
. .
GFS Net lending(+)/borrowing(–)
General government
–5 888
–22 035
. .
Public Non–Financial corporations
–3 393
–556
. .

. . not applicable


QUARTERLY NATIONAL ACCOUNTS PUBLIC SECTOR MEASURES – KEY FIGURES

The table below includes the key public sector aggregates for the September quarter 2014 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 September quarter 2014:
  • In seasonally adjusted chain volume terms, total general government final consumption expenditure increased by $574m, a rise of 0.8% compared with the June quarter 2014.
  • In seasonally adjusted chain volume terms, total general government gross fixed capital formation decreased by 8.4% compared with the June quarter 2014.

QUARTERLY NATIONAL ACCOUNTS PUBLIC SECTOR MEASURES – KEY FIGURES, SEASONALLY ADJUSTED

Dec Qtr
2013
Mar Qtr
2014
Jun Qtr
2014
Sep Qtr
2014
Jun Qtr 2014
to Sep Qtr 2014
$m
$m
$m
$m
% change

Current Prices
General government final consumption expenditure (a)
National – defence
5 583
5 839
5 888
5 813
–1.3
National – non-defence
22 262
22 323
22 158
22 655
2.2
Total national
27 845
28 162
28 046
28 468
1.5
State and local
41 978
41 680
42 954
43 046
0.2
Total general government final consumption expenditure
69 824
69 842
71 000
71 514
0.7
Public gross fixed capital formation
General government
National – defence
1 822
1 558
1 681
1 223
–27.2
National – non–defence
2 233
2 256
2 450
2 798
14.2
Total national
4 055
3 815
4 132
4 021
–2.7
State and local
8 951
9 563
9 978
8 899
–10.8
Total general government
13 007
13 377
14 110
12 920
–8.4
Public corporations
Commonwealth
1 406
1 368
1 658
1 278
–22.9
State and local
5 546
4 320
3 022
3 708
22.7
Total public corporations
6 952
5 688
4 680
4 986
6.5
Total public gross fixed capital formation
19 959
19 065
18 790
17 906
–4.7
Memorandum item
Net purchases of second–hand assets by public sector
1 397
497
–282
644
np

Chain Volume (b)
General government final consumption expenditure (a)
National – defence
5 439
5 652
5 648
5 552
–1.7
National – non-defence
21 570
21 658
21 344
21 810
2.2
Total national
27 009
27 309
26 993
27 362
1.4
State and local
41 876
41 811
42 406
42 611
0.5
Total general government final consumption expenditure
68 885
69 120
69 399
69 973
0.8
Public gross fixed capital formation
General government
National – defence
1 731
1 478
1 575
1 147
–27.2
National – non-defence
2 239
2 264
2 467
2 812
14.0
Total national
3 970
3 742
4 042
3 959
–2.0
State and local
8 934
9 516
9 912
8 820
–11.0
Total general government
12 904
13 258
13 954
12 779
–8.4
Public corporations
Commonwealth
1 400
1 347
1 629
1 264
–22.4
State and local
5 447
4 260
2 976
3 691
24.0
Total public corporations
6 848
5 607
4 606
4 955
7.6
Total public gross fixed capital formation
19 752
18 866
18 560
17 734
–4.4
Memorandum item
Net purchases of second-hand assets by public sector
1 358
476
–238
610
np

np not available for publication but included in totals where applicable, unless otherwise indicated
(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 2012–13.


SEPTEMBER QUARTER 2014 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 (2012–13) was released on 28 May 2014. Final annual GFS results for 2013–14 are scheduled for release by the ABS in May 2015.

RELEASE OF QUARTERLY GFS THIS ISSUE

Table
Sep 13
Dec 13
Mar 14
Jun 14
Sep 14
Table 1 All Levels of Government – General Government
*
*
*
*
*
Table 2 All Levels of Government – Public Non-Financial Corporations
*
*
*
*
*
Table 3 Commonwealth Government
*
*
*
*
*
Table 4 Total State & Local
*
*
*
*
*
Table 5 New South Wales
*
*
*
*
Table 6 Victoria
*
*
*
*
Table 7 Queensland
*
*
*
*
Table 8 South Australia
*
*
*
*
Table 9 Western Australia
*
*
*
*
Table 10 Tasmania
*
*
*
*
Table 11 Northern Territory
*
*
*
*
Table 12 Australian Capital Territory
*
*
*
*

ABOLITION OF THE CARBON TAX

The carbon tax repeal legislation received Royal Assent on Thursday, 17 July 2014 and the bills as part of this package are now law, with effect from 1 July 2014. The carbon tax repeal decreased taxation revenue on the GFS Commonwealth General Government operating statement by approximately $1.6b in the September 2014 quarter. Further information on the treatment of emissions schemes in ABS GFS data can be found in the ABS GFS Manual.


FORTHCOMING ISSUES

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:

Issue5519.0.55.0015206.0
December 2014
March 2015
3 March 2015
2 June 2015
4 March 2015
3 June 2015


INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070, email <client.services@abs.gov.au> or Public Finance on Brisbane (07) 3222 6414, email <public.finance@abs.gov.au>. The ABS Privacy Policy outlines how the ABS will handle any personal information that you provide to us.


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Commonwealth of Australia 2014

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