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5519.0.55.001 - Government Finance Statistics, Australia, March Quarter 2014 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 03/06/2014   
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MARCH QUARTER 2014 KEY FIGURES: ALL LEVELS OF GOVERNMENT


In the March quarter 2014:

  • Taxation revenue increased 2.2% to $112,163m from $109,798m in the December quarter 2013.
  • General government sector expenditure exceeded revenue resulting in a GFS net operating balance of –$1,890m.
  • The GFS net lending(+)/borrowing(–) position for the general government sector was –$5,475m.

GFS KEY FIGURES: ALL LEVELS OF GOVERNMENT, ORIGINAL

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

Current Prices
Taxation revenue
General government
109 798
112 163
2.2
Total revenue
General government
134 375
137 215
2.1
Public Non–Financial corporations
20 454
20 271
–0.9
Total expenses
General government
138 287
139 106
0.6
Public Non–Financial corporations
20 454
20 113
–1.7
GFS Net operating balance
General government
–3 911
–1 890
. .
Public Non–Financial corporations
158
. .
GFS Net lending(+)/borrowing(–)
General government
–9 163
–5 475
. .
Public Non–Financial corporations
–2 723
–1 681
. .

. . not applicable
– nil or rounded to zero (including null cells)

QUARTERLY NATIONAL ACCOUNTS PUBLIC SECTOR MEASURES – KEY FIGURES

The table below includes the key public sector aggregates for the March 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 March quarter 2014:
  • In seasonally adjusted chain volume terms, total general government final consumption expenditure increased by $236m, a rise of 0.3% compared with the December quarter 2013.
  • In seasonally adjusted chain volume terms, total general government gross fixed capital formation decreased by 1.7% compared with the December quarter 2013.

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

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

Current Prices
General government final consumption expenditure (a)
National – defence
5 450
5 453
5 538
5 792
4.6
National – non-defence
21 721
22 084
22 098
22 039
–0.3
Total national
27 171
27 537
27 637
27 831
0.7
State and local
41 453
41 652
42 411
42 086
–0.8
Total general government final consumption expenditure
68 624
69 190
70 047
69 917
–0.2
Public gross fixed capital formation
General government
National – defence
1 237
1 551
1 664
1 241
–25.4
National – non–defence
2 244
2 170
2 137
2 028
–5.1
Total national
3 481
3 721
3 800
3 269
–14.0
State and local
8 279
8 000
8 410
8 786
4.5
Total general government
11 760
11 721
12 211
12 055
–1.3
Public corporations
Commonwealth
1 231
1 493
1 368
1 336
–2.3
State and local
–150
4 725
5 102
4 419
–13.4
Total public corporations
1 080
6 219
6 469
5 754
–11.1
Total public gross fixed capital formation
12 840
17 940
18 680
17 809
–4.7
Memorandum item
Net purchases of second–hand assets by public sector
–5 230
790
993
587
–40.9

Chain Volume (b)
General government final consumption expenditure (a)
National – defence
5 291
5 279
5 346
5 563
4.1
National – non-defence
21 376
21 561
21 465
21 554
0.4
Total national
26 667
26 841
26 812
27 117
1.1
State and local
40 659
41 086
41 374
41 306
–0.2
Total general government final consumption expenditure
67 326
67 927
68 186
68 422
0.3
Public gross fixed capital formation
General government
National – defence
1 238
1 560
1 669
1 253
–24.9
National – non-defence
2 235
2 151
2 122
2 003
–5.6
Total national
3 473
3 712
3 790
3 256
–14.1
State and local
8 193
7 884
8 257
8 591
4.0
Total general government
11 666
11 596
12 047
11 847
–1.7
Public corporations
Commonwealth
1 228
1 489
1 366
1 328
–2.8
State and local
–266
4 602
4 957
4 285
–13.6
Total public corporations
962
6 091
6 323
5 613
–11.2
Total public gross fixed capital formation
12 628
17 687
18 370
17 460
–5.0
Memorandum item
Net purchases of second–hand assets by public sector
–5 434
806
1 010
600
–40.6

(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 2011–12.


MARCH 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 April 2015.

RELEASE OF QUARTERLY GFS THIS ISSUE

Table
Dec 13
Mar 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
*

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
June 2014
September 2014
2 September 2014
2 December 2014
3 September 2014
3 December 2014
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 Jon Shaw on Brisbane (07) 3222 6054, 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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