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1301.0 - Year Book Australia, 2006  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 20/01/2006   
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Contents >> Chapter 27 - Government finance >> Total public sector, all levels of government combined

TOTAL PUBLIC SECTOR, ALL LEVELS OF GOVERNMENT COMBINED

OPERATING STATEMENT

The GFS NOB for the total public sector for levels of all government combined was $18,484 million (m) in 2003-04 and GFS Net Lending was $9,222m (table 27.1).

27.1 ALL LEVELS OF GOVERNMENT, Total public sector Operating Statement - 2003-04

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

GFS Revenue
242,755
12,909
153,439
20,293
360,417
less
GFS Expenses
234,940
12,163
114,809
18,250
341,933
equals
Net Operating Balance
7,815
746
8,630
2,043
18,484
less
Net acquisition of non-financial assets
606
219
6,581
1,855
9,262
equals
GFS Net Lending(+)/Borrowing(-)
7,209
527
2,049
188
9,222

(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 currently falling into this category are the public universities.
(b) The sum of individual levels of government may not agree with total All levels of government figure due to transfers between levels of government.

Source: Government Finance Statistics, Australia, 2003-04 (5512.0).


CASH FLOW STATEMENT

The total public sector surplus for all levels of government combined was $14,871m in 2003-04 (table 27.2). The main contributors to this result were net cash flows from operating activities of $43,559m and a net cash payment of $26,279m for investments in non-financial assets.

27.2 ALL LEVELS OF GOVERNMENT, Total public sector Cash Flow Statement - 2003-04

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

CASH FLOW STATEMENT

Cash receipts from operating activities
240,111
12,906
158,973
19,211
363,391
Cash payments for operating activities
-224,355
-11,317
-136,447
-15,022
-319,811
Net cash flows from operating activities
15,756
1,588
22,525
4,189
43,559
Net cash flows from investments in non-financial assets
-4,842
-1,082
-15,851
-4,542
-26,279
Net cash flows from investments in financial assets for policy purposes
-218
3
1,473
-1
910
Net cash flows from investments in financial assets for liquidity purposes
-9,456
-286
-7,962
-145
-16,143
Net cash flows from financing activities
-2,444
1
-401
1,008
-146
Net Increase(+)/Decrease(-) in Cash Held
-1,205
225
-215
509
1,902

SURPLUS(+)/DEFICIT(-)

Surplus(+)/Deficit(-)
9,353
367
5,970
-357
14,871

(a) The multi-jurisdictional sector 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 the public universities.
(b) The sum of individual levels of government may not agree with total All levels of government figure due to transfers between levels of government.
Note: Negative figures denote outflows.


Source: Government Finance Statistics, Australia, 2003-04 (5512.0).


BALANCE SHEET

GFS Net Worth reflects the contribution of governments to the wealth of Australia. The consolidated net worth at 30 June 2004 for the total public sector for all levels of government combined was $459,167m (table 27.3).

27.3 ALL LEVELS OF GOVERNMENT, Total public sector Balance Sheet - 30 June 2004

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

Assets
Financial assets
146,422
9,596
113,429
11,005
264,014
Non-financial assets
68,698
22,172
446,046
172,122
709,028
Total
215,120
31,769
559,475
183,127
937,042
Liabilities
263,744
7,323
217,157
10,403
482,179
Shares and other contributed capital
30,853
816
-
39
31,697
GFS Net Worth
-79,477
23,629
342,330
172,685
459,167
Net debt(c)
15,541
-4,773
-313
-2,767
7,688
Net financial worth(d)
-148,175
1,457
-103,716
563
-249,862

(a) The multi-jurisdictional sector 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 the public universities.
(b) The sum of individual levels of government may not agree with total All levels of government figure due to transfers between levels of government.
(c) Equals deposits held, advances received, Reserve Bank notes on issue and borrowing less cash and deposits, advances paid, and investments, loans and placements.
(d) Equals total financial assets less total liabilities less shares and other contributed capital. While Net financial worth should add across levels of government, small discrepancies may remain due to the difficulties in accurately identifying the parties and counter-parties associated with financial assets and liabilities.

Source: Government Finance Statistics, Australia, 2003-04 (5512.0).


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