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5501.0.55.001 - Government Financial Estimates, Australia, 2014-15 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 30/09/2014   
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GOVERNMENT FINANCIAL ESTIMATES

Government Financial Estimates (GFE) for the commonwealth and state governments are compiled from initial budget forecasts. This release presents consolidated 2014–15 budget forecasts for the general government sector for Commonwealth, Multi-jurisdictional, State, Local and All levels of Government. Two main statements are presented; the Operating Statement and the Cash Flow Statement.

Data for this release are sourced from the commonwealth and state government budget forecasts.

NOTE: The spreadsheets (datacube) providing more detailed data for the All levels of Government Operating and Cash Flow Statements, and State Government Operating and Cash Flow Statements have been delayed. A second release of this publication is scheduled for 18 November, 2014 and will include these statements along with any revisions to the tables below. In the interim, users could refer to the linked websites for additional information on each jurisdiction's budget.

Please refer to the Planned Changes section of this release for the details of a review of the future of this publication.

JurisdictionDate of budget forecast releaseLink to budget papers
Commonwealth13 May 2014http://www.budget.gov.au/2014-15/index.htm
New South Wales17 June 2014http://www.budget.nsw.gov.au/2014-15/budget_papers
Victoria6 May 2014http://www.dtf.vic.gov.au/State-Budget/2014-15-State-Budget/Statement-of-Finances
Queensland3 June 2014http://www.budget.qld.gov.au/current-budget/budget-papers/
South Australia19 June 2014http://www.statebudget.sa.gov.au/papers.html
Western Australia8 May 2014http://www.treasury.wa.gov.au/cms/budget.aspx?id=2018
Tasmania28 August 2014http://www.treasury.tas.gov.au/domino/dtf/dtf.nsf/all-v/9B3B6EDD752D96C4CA257D40000261B2
Northern Territory13 May 2014http://www.treasury.nt.gov.au/ntbudget/Pages/default.aspx
Australian Capital Territory3 June 2014http://apps.treasury.act.gov.au/budget/budget-2014-2015/budget-paper-3


MAIN FEATURES

2014–15 OPERATING STATEMENT

The table below presents the 2014–15 GFS net operating balance and net lending(+)/borrowing(–) estimates for the general government sector for each level of government.

ALL LEVELS OF GOVERNMENT, OPERATING STATEMENT 2014–15
General Government
Commonwealth
Multi–
jurisdictional (a)(b)
State
Local (b)
All levels of
government (c)
$m
$m
$m
$m
$m

GFS Revenue
391 184
26 021
232 667
43 264
564 133
GFS Expenses
117 898
24 671
177 098
37 754
352 560
GFS Net Operating Balance
–23 547
1 127
416
4 114
–23 814
Net acquisition of non–financial assets
2 296
1 915
11 089
6 810
22 104
GFS Net Lending(+)/Borrowing(–)
–25 843
–788
–10 672
–2 696
–45 918

(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) Data for local government and multi–jurisdictional sector are estimated.
(c) The sum of individual levels of government may not agree with the All levels of government figures due to transfers between levels of government.

2014–15 CASH FLOW STATEMENT

The table below presents the 2014–15 GFS surplus(+)/deficit(–) estimates for the general government sector for each level of government.

ALL LEVELS OF GOVERNMENT, CASH FLOW STATEMENT 2014–15
General Government

Commonwealth
Multi–
jurisdictional (a)(b)
State
Local (b)
All levels of
government (c)
$m
$m
$m
$m
$m

Surplus(+)/Deficit(–)
–26 662
–1 381
–11 936
–1 074
–53 095

(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) Data for local government and multi–jurisdictional are estimated.
(c) The sum of individual levels of government may not agree with the All levels of government figures due to transfers between levels of government.


KEY STATE GOVERNMENT BALANCES

The table below presents 2014–15 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 2014–15
General Government

Operating Statement
Cash Flow Statement


GFS Net
Operating
Balance
GFS Net
Lending (+)/
Borrowing(–)
Surplus(+)/
Deficit(–)
$m
$m
$m

New South Wales
–282
–3 488
–5 163
Victoria
1 344
–1 088
–1 108
Queensland
186
–2 321
–2 356
South Australia
–479
–380
–91
Western Australia
252
–1 552
–2 093
Tasmania
–386
–462
–79
Northern Territory
78
–668
–641
Australian Capital Territory
–446
–862
–555



INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Public Finance on Brisbane (07) 3222 6414. 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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