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ABOUT THIS PUBLICATION
Time series of these data are available on the ABS website for the periods 2003–04 to 2012–13.
Users interested in quarterly GFS data for the current financial year should refer to Government Finance Statistics, Australia, Quarterly (cat. no. 5519.0.55.001).
EMISSION REDUCTION SCHEMES
The Australian System of Government Finance Statistics: Concepts, Sources and Methods (ABS GFS Manual) (cat. no. 5514.0) has been updated to include the treatment of emission reduction schemes. RECs are Renewable Energy Certificates issued under the Commonwealth Renewable Energy Target (RET). Data for RECs are now included in relevant GFS aggregates, with data backcast in the time series. Separate data series for emission reduction schemes are not available.
REVISED STANDARD FOR GOVERNMENT FINANCE STATISTICS
The International Monetary Fund's (IMF) Government Finance Statistics Manual 2001 (GFSM 2001) has recently been revised to reflect the 2008 SNA. The ABS GFS Manual will also be updated to reflect these new international standards in 2015.
Within GFS the consolidated total of the general government and the public non-financial corporations sectors is referred to as the 'non-financial public sector'. The consolidated total of the general government, the public non-financial corporations and the public financial corporations sectors is referred to as the 'total public sector'.
In this publication, the term 'state' includes the two territories. Therefore 'state' refers to 'state and territory' and 'state and local' refers to 'state, territory and local'.
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