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INTRODUCTION

GFE data is compiled from initial budget forecasts. It does not take account of subsequently published or revised forecasts such as those contained in mid-term revisions issued by any jurisdiction. The purpose of the GFE publication is to assist users making an assessment of each jurisdiction's initial budget on a GFS basis, recognising that the budgets of different jurisdictions are brought down at different times.

This release contains the government financial estimates on a GFS basis for the Operating Statement and Cash Flow Statement relating to the 2005-06 financial year for each jurisdiction. It also includes consolidated results for each level of government, i.e. Commonwealth, State, Local, Multi-jurisdictional, and All levels of government.

KEY FIGURES

The summary table below presents the 2005-06 GFS Net Operating Balance and GFS Net Lending/Borrowing forward estimates for the general government sector for each level of government.

ALL LEVELS OF GOVERNMENT, OPERATING STATEMENT - 2005-06 General Government
	Commonwealth	Multi- jurisdictional (a)	State	Local	All levels of government (b)
	$m	$m	$m	$m	$m
GFS Revenue	252,400	14,034	133,832	21,575	345,721
GFS Expenses	243,521	12,882	131,970	19,346	331,580
GFS Net Operating Balance	8,878	1,152	1,862	2,229	14,141
Net acquisition of non-financial assets	1,020	379	5,534	2,031	8,964
GFS Net Lending(+)/Borrowing(-)	7,858	773	-3,672	198	5,177

ALL LEVELS OF GOVERNMENT, CASH FLOW STATEMENT - 2005-06 General Government
	Commonwealth	Multi- jurisdictional (a)	State	Local	All levels of government (b)
	$m	$m	$m	$m	$m
Net cash flows from operating activities	12,086	2,194	11,774	4,647	30,782
Net cash flows from investments in non-financial assets	-2,812	-1,260	-11,094	-4,845	-20,010
Net cash flows from investments in financial assets for policy purposes	-1,518	4	-1,043	19	-2,779
Net cash flows from investments in financial assets for liquidity purposes	-7,217	-461	-1,836	-146	-9,660
Net cash flows from financing activities	-1,179	-565	675	861	-47
Net increase(+)/decrease(-) in cash held	-639	-88	-1,523	537	-1,714
Surplus(+)/Deficit(-)	9,271	934	-55	-202	10,029

STATE GOVERNMENTS : KEY ANALYTICAL BALANCES 2005-06
	Operating Statement		Cash Flow Statement
	GFS Net Operating Balance	GFS Net Lending (+)/ Borrowing(-)	Net increase(+)/ decrease(-) in cash held	Surplus(+)/ Deficit(-)
	$m	$m	$m	$m
New South Wales	302	-980	-461	382
Victoria	366	-1,432	-7	-432
Queensland	935	-808	-617	96
South Australia	48	8	90	-13
Western Australia	521	12	10	69
Tasmania	29	-4	-203	107
Northern Territory	34	-84	-37	-68
Australian Capital Territory	-356	-367	-299	-171
Total all states (a)	1,862	-3,672	-1,523	-55