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5512.0 - Government Finance Statistics, Australia, 2001-02  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 27/06/2003   
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ACCRUAL OPERATING RESULTS

For 2001-02 the GFS net operating balance for the total public sector for all Australian governments combined was $1,283 million, resulting in an increase in the total public sector's net worth. The net operating balances for the general government sector and the non-financial public sector are summarised in the table below.

The GFS net lending for the total public sector for all Australian governments combined was $6,496 million in 2000-01. The net lending/borrowing results for the general government sector and the non-financial public sector are summarised in the table below.

OPERATING RESULTS - 2001-02

Non-
financial
Total
General
Public
Public
Government
Sector
Sector
$m
$m
$m

All Australian governments
GFS Revenue
261,422
304,137
311,879
GFS Expenses
262,032
301,977
310,596
GFS Net Operating Balance
-610
2,160
1,283
Net acquisition of non-financial assets
4,090
6,119
6,136
GFS Net Lending(+)/Borrowing(-)
-4,700
-3,960
-4,853
Commonwealth government
GFS Revenue
189,759
210,532
211,920
GFS Expenses
193,406
212,743
215,570
GFS Net Operating Balance
-3,647
-2,211
-3,650
Net acquisition of non-financial assets
-369
-630
-638
GFS Net Lending(+)/Borrowing(-)
-3,278
-1,581
-3,012
State and local governments
GFS Revenue
120,979
142,835
149,250
GFS Expenses
117,578
138,168
143,997
GFS Net Operating Balance
3,401
4,667
5,253
Net acquisition of non-financial assets
4,014
6,458
6,481
GFS Net Lending(+)/Borrowing(-)
-613
-1,791
-1,228
Multi-jurisdictional(a)
GFS Revenue
10,460
10,624
10,624
GFS Expenses
9,976
10,214
10,214
GFS Net Operating Balance
483
410
410
Net acquisition of non-financial assets
445
292
292
GFS Net Lending(+)/Borrowing(-)
39
118
118

(a) The multi-jurisdictional sector currently contains units where jurisdiction is shared between two or more governments, or classifications of a unit to a jurisdiction is otherwise unclear. The main type of units currently falling into this category are public universities.


CASH OPERATING RESULTS

In 2001-02, the total public sector surplus was $3,203 million. The surplus/deficit results for each jurisdiction for 2001-02 for general government, the non-financial public sector and total public sector are shown in the table below.

CASH OPERATING RESULTS - 2001-02

General Government
Non-financial Public Sector
Total Public Sector
$m
$m
$m

SURPLUS(+)/DEFICIT(-)

Commonwealth government
-1,099
199
-1,451
State and local governments
New South Wales
2,469
2,249
2,352
Victoria
1,304
1,345
2,051
Queensland
627
208
319
South Australia
-50
-10
146
Western Australia
-38
-148
-138
Tasmania
212
-
54
Northern Territory
-212
-206
-164
Australian Capital Territory
263
259
259
Total
4,532
3,637
4,800
Multi-jurisdictional(a)
141
234
234
Total
2,995
3,633
3,203


- nil or rounded to zero (including null cells)
(a) The multi-jurisdictional sector currently contains units where jurisdiction is shared between two or more governments, or classifications of a unit to a jurisdiction is otherwise unclear. The main type of units currently falling into this category are public universities.


BALANCE SHEET RESULTS


GFS net worth reflects the contribution of governments to the wealth of Australia. The consolidated net worth as at 30 June 2002 for all Australian governments combined was $405,628 million. The most significant assets held by governments were land and fixed assets, with a value of $414,180 million. These were followed by equity with a value of $170,414 million. The most significant liability of governments was Unfunded superannuation and other employee entitlements with a value of $155,031 million.

The following table shows selected balance sheet aggregates for various levels of government for the general government sector, non-financial public sector and total public sectors as at 30 June 2002.

BALANCE SHEET RESULTS - AT 30 JUNE 2002

General Government
Non-financial Public Sector
Total Public Sector
$m
$m
$m

All Australian governments
Total assets
708,515
758,838
855,922
Total liabilities
302,886
373,804
470,922
Shares and other contributed capital
-
30,065
30,028
GFS Net worth
405,628
354,969
354,973
Commonwealth government
Total assets
142,226
147,446
202,311
Total liabilities
184,516
210,230
265,132
Shares and other contributed capital
-
30,166
30,130
GFS Net worth
-42,291
-92,951
-92,951
State and local governments
Total assets
546,758
592,406
635,296
Total liabilities
119,738
165,380
208,268
GFS Net worth
427,019
427,021
427,024
Multi-jurisdictional
Total assets
26,484
26,484
26,484
Total liabilities
5,584
5,584
5,584
GFS Net worth
20,889
20,899
20,899


- nil or rounded to zero (including null cells)
(a) The multi-jurisdictional sector currently contains units where jurisdiction is shared between two or more governments, or classifications of a unit to a jurisdiction is otherwise unclear. The main type of units currently falling into this category are public universities.


The graph below shows the total public sector GFS net worth as a percentage of gross domestic product (GDP) for the Commonwealth and State and local governments as at 30 June 2002.

Graph - total public sector GFS net worth as a percentage of gross domestic product (GDP) for the Commonwealth and State and local governments as at 30 June 2002



EXPENSES BY PURPOSE

The following table shows general government expenses by selected purpose categories by level of government for 2000-01.

EXPENSES BY SELECTED PURPOSES - 2001-02

All Australian governments
Commonwealth government
State and local governments
Multi-jurisdictional(a)
$m
$m
$m
$m

General public services
16,243
9,807
7,536
143
Defence
12,017
12,017
-
-
Public order and safety
11,535
1,853
9,777
-
Education
37,546
11,701
27,070
9,806
Health
44,327
27,613
24,320
-
Social security and welfare
74,551
69,080
7,099
-
Housing and community amenities
10,011
2,210
9,287
-
Recreation and culture
6,535
2,030
4,550
..
Fuel and energy
4,105
3,052
1,073
-
Agriculture, forestry and fishing
3,905
1,691
2,381
-
Mining, manufacturing and construction
2,614
1,686
929
-
Transport and communications
14,098
2,647
13,241
-
Other economic affairs
8,107
3,895
4,216
-
Public debt transactions(b)
16,508
11,098
5,647
37
Other
801
33,625
853
-
Total
262,032
193,406
117,578
9,986

(a) The multi-jurisdictional sector currently contains units where jurisdiction is shared between two or more governments, or classifications of a unit to a jurisdiction is otherwise unclear. The main type of units currently falling into this category are public universities.
(b) Includes nominal interest on superannuation.

The following graph shows the main general government expenses by purpose as a percentage of GDP for all Australian governments for 2000-01.

Graph - main general government expenses by purpose as a percentage of GDP for all Australian governments for 2000-01


CHANGES IN THIS ISSUE
The GFS framework requires that flows and stocks be valued at current market prices However, in compiling GFS estimates the ABS is dependent on the valuation methods used in the source data. In the case of Commonwealth government debt, valuations have previously been on an historic cost basis.

In the 2003-04 Commonwealth budget released on 13 May 2003, the Commonwealth announced a change in the valuation basis of debt to the conceptually preferred market value basis, made possible by the introduction of the new debt valuation systems by the Australian Office of Financial Management. This change has been introduced in this publication. Further information is available on page 2-12 of Budget Paper No. 1.

A change in the treatment of that part of the family tax benefit administered through the taxation system by the Commonwealth government has been made for 2001-02. This benefit, administered through the taxation system, either as refunds to recipients claiming a higher tax free threshold, or, as reductions in remitted tax through the PAYG withholding and instalment systems, will now be recorded as an expense. This change will be applied to the relevant earlier periods during the next GFS cycle.

The explanatory notes contained in this publication have been substantially restructured from those presented in previous issues. The ABS welcomes feedback from users on the readability and structure of the revised explanatory notes.

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