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5519.0.55.001 - Government Finance Statistics, Australia, Dec 2008 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 03/03/2009   
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DECEMBER QUARTER 2008 KEY FIGURES: ALL LEVELS OF GOVERNMENT

September quarter 2008 to December quarter 2008 movements (in original terms) -

  • Taxation revenue increased by 16.5% to $89,113m.
  • The GFS net operating balance for the general government sector decreased to $-3,460m.
  • The GFS net lending(+)/borrowing(-) position for the general government sector decreased to a net borrowing position of $-7,266m.
GFS KEY FIGURES: ALL LEVELS OF GOVERNMENT, ORIGINAL

Sep Qtr 2008
Dec Qtr 2008
Sep Qtr 2008 to
Dec Qtr 2008
$m
$m
% change

Current Prices
Taxation revenue
General government
76 494
89 113
16.5
Total revenue
General government
96 548
107 731
11.6
Public Non-Financial corporations
14 952
15 217
1.8
Total expenses
General government
98 990
111 191
12.3
Public Non-Financial corporations
13 152
14 360
9.2
GFS Net operating balance
General government
-2 442
-3 460
..
Public Non-Financial corporations
1 800
858
..
GFS Net lending(+)/borrowing(-)
General government
-5 108
-7 266
..
Public Non-Financial corporations
-1 916
-3 772
..


QUARTERLY NATIONAL ACCOUNTS PUBLIC SECTOR MEASURES - KEY FIGURES

The table below includes the key public sector aggregates for the December quarter 2008 from the national accounts publication. The key figures shown include Government Final Consumption Expenditure and Gross Fixed Capital Formation for general government and public corporations, seasonally adjusted for current prices and in chain volume terms.

In the December quarter 2008:
  • In seasonally adjusted chain volume terms, total general government final consumption expenditure increased by $11m, a neglible increase in percentage terms.
  • General government gross fixed capital formation, in seasonally adjusted chain volume terms, decreased by 3.6%.
QUARTERLY NATIONAL ACCOUNTS PUBLIC SECTOR MEASURES - KEY FIGURES, SEASONALLY ADJUSTED

Mar Qtr 2008
Jun Qtr 2008
Sep Qtr 2008
Dec Qtr 2008
Sep Qtr 2008 to
Dec Qtr 2008
$m
$m
$m
$m
% change

Current Prices
General government final consumption expenditure (a)
National - defence
4 670
4 899
4975
4733
-4.9
National - non-defence
15 449
15 633
15 786
15 926
0.9
Total national
20 119
20 532
20 761
20 659
-0.5
State and local
30 252
31 039
31 587
32 075
1.5
Total general government final consumption expenditure
50 371
51 572
52 348
52 734
0.7
Public gross fixed capital formation
General government
National - defence
1 145
680
784
585
-25.4
National - non-defence
855
998
938
836
-10.9
Total national
2 000
1 677
1 722
1 421
-17.5
State and local
5 611
6 337
6 225
6 369
2.3
Total general government
7 611
8 015
7 947
7 790
-2.0
Public corporations
Commonwealth
310
217
304
354
16.5
State and local
4 963
5 149
5 637
5 787
2.7
Total public corporations
5 272
5 366
5 941
6 140
3.4
Total public gross fixed capital formation
12 883
13 381
13 888
13 930
0.3
Memorandum item
Net purchases of second-hand assets by public sector
-135
-410
-169
-402
..

Chain Volume (b)
General government final consumption expenditure (a)
National - defence
4 522
4 589
4 555
4 306
-5.5
National - non-defence
14 752
14 826
14 928
15 014
0.6
Total national
19 274
19 414
19 483
19 320
-0.8
State and local
29 064
29 446
29 655
29 828
0.6
Total general government final consumption expenditure
48 339
48 860
49 138
49 149
0.0
Public gross fixed capital formation
General government
National - defence
1 162
699
813
600
-26.1
National - non-defence
866
988
930
815
-12.4
Total national
2 028
1 688
1 743
1 415
-18.8
State and local
5 417
6 033
5 773
5 831
1.0
Total general government
7 445
7 720
7 516
7 247
-3.6
Public corporations
Commonwealth
299
207
292
336
14.8
State and local
4 776
4 851
5 196
5 222
0.5
Total public corporations
5 075
5 057
5 488
5 558
1.3
Total public gross fixed capital formation
12 520
12 777
13 004
12 804
-1.5
Memorandum item
Net purchases of second-hand assets by public sector
-143
-388
-167
-386
..

(a) See paragraph 32 of the Explanatory Notes for the relationship between general government final consumption expenditure and GFS aggregates.
(b) Reference year for chain volume measures is 2006-07.


DECEMBER QUARTER 2008 GFS RELEASE

This release presents quarterly government finance statistics (GFS) 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 (2006-07) was released on 15 April 2008. Final annual GFS results for 2007-08 are scheduled for release by the ABS on 14 April 2009.


RELEASE OF QUARTERLY GFS THIS ISSUE

Table
Sep 08
Dec 08
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
*
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 March and June quarter 2009 issues are:
Issue5519.0.55.0015206.0
March 20092 June 20093 June 2009
June 20091 September 20092 September 2009

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 Mark Patton on Canberra (02) 6252 7926, email <public.finance@abs.gov.au>.

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