Government Finance Statistics, Australia

Latest release

Statistics about finances of the general government and public non-financial corporations sectors for the various levels of government in Australia

Reference period

December 2025

Released

3/03/2026

Release date and time

03/03/2026 11:30am AEDT

Key statistics

In December quarter 2025:

general government net operating balance rose $33.4b to -$0.4b, since September quarter 2025
taxation revenue rose 15.6% to $231.1b, since September quarter 2025
general government borrowing was $15.7b
total public demand is expected to contribute 0.3ppt to the quarterly change in GDP

Unless indicated, all Government Finance Statistics figures presented in this publication are current prices, original series.

Government Finance Statistics measures

		Mar Qtr 2025	Jun Qtr 2025	Sep Qtr 2025	Dec Qtr 2025	Sep Qtr 2025 to Dec Qtr 2025
		($m)	($m)	($m)	($m)	(% change)
Taxation revenue
	General government	206,807	226,248	199,865	231,067	15.6%
Total revenue
	General government	250,271	271,587	245,259	274,457	11.9%
	Public non-financial corporations	30,127	31,551	31,534	32,169	2.0%
Total expenses
	General government	250,843	267,604	279,021	274,818	-1.5%
	Public non-financial corporations	29,740	32,405	32,331	33,538	3.7%
GFS Net Operating Balance
	General government	-572	3,983	-33,763	-361	na
	Public non-financial corporations	387	-854	-798	-1,369	na
GFS Net Lending (+)/Borrowing (-)
	General government	-13,323	-15,141	-44,415	-15,746	na
	Public non-financial corporations	-4,503	-9,727	-7,546	-10,565	na

na indicates this value not available for publication but included in totals where applicable, unless otherwise indicated

Net operating balance of all levels of general government
	Revenue ($b)	Expenses ($b)	Net Operating Balance ($b)
Dec-24	252.7	-255.6	-2.9
Mar-25	250.3	-250.8	-0.6
Jun-25	271.6	-267.6	4.0
Sep-25	245.3	-279.0	-33.8
Dec-25	274.5	-274.8	-0.4

Net operating balance of all levels of general government

["","Revenue","Expenses","Net Operating Balance"]

[["Dec-24","Mar-25","Jun-25","Sep-25","Dec-25"],[[252.7],[250.3],[271.6],[245.3],[274.5]],[[-255.6],[-250.8],[-267.6],[-279],[-274.8]],[[-2.9],[-0.6],[4],[-33.8],[-0.4]]]

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National accounts public sector measures

The table below includes the key public sector aggregates for December quarter 2025 which will be included in the Australian National Accounts: National Income, Expenditure and Product release. The key figures shown include Total Public Demand, Government Final Consumption Expenditure for total general government and Gross Fixed Capital Formation for total general government and total public corporations, seasonally adjusted in current prices and chain volume terms.

The following are the seasonally adjusted chain volume measures based on the previous quarter (a):

public sector demand is expected to contribute 0.3 percentage points to the change in GDP in December quarter 2025
general government final consumption expenditure rose $1454m (up 0.9%) and is expected to contribute 0.2 percentage points to the change in GDP in December quarter 2025
general government gross fixed capital formation rose $493m (up 1.9%)
public corporations gross fixed capital formation fell $139m (down 1.2%)
total public gross fixed capital formation rose $354m (up 0.9%) and is expected to contribute 0.1 percentage points to the change in GDP in December quarter 2025

Contributions may not be additive due to rounding

Quarterly national accounts public sector measures, current prices, seasonally adjusted
			Mar Qtr 2025 ($m)	Jun Qtr 2025 ($m)	Sep Qtr 2025 ($m)	Dec Qtr 2025 ($m)	Sep Qtr 2025 to Dec Qtr 2025 (% change)
General government final consumption expenditure (a)
	National-defence		12,731	13,308	13,723	14,128	3.0
	National-non-defence		63,374	65,390	66,446	67,428	1.5
	Total national		76,105	78,698	80,168	81,555	1.7
	State and local		84,707	85,248	87,268	88,995	2.0
	Total general government final consumption expenditure		160,812	163,946	167,437	170,551	1.9
Public gross fixed capital formation
	General government
		National-defence	4,230	3,437	3,805	4,092	7.6
		National-non-defence	2,933	2,830	2,961	2,926	-1.2
		Total national	7,163	6,267	6,765	7,019	3.7
		State and local	21,221	20,694	21,198	21,619	2.0
		Total general government	28,384	26,961	27,963	28,637	2.4
	Public corporations
		Commonwealth	2,626	2,732	2,669	2,838	6.3
		State and local	9,009	9,032	9,378	9,090	-3.1
		Total public corporations	11,635	11,764	12,046	11,927	-1.0
	Total public gross fixed capital formation		40,019	38,725	40,009	40,565	1.4
Total public demand			200,831	202,671	207,446	211,115	1.8
Memorandum item
	Net purchases of second hand assets by public sector		1,186	969	1,311	1,287	-1.8
	Public authorities changes in inventories (b)		221	1,331	856	3,260	na

na not available for publication but included in totals where applicable, unless otherwise indicated

See explanatory notes for the relationship between general government final consumption expenditure and GFS aggregates Government Finance Statistics, Australia methodology, December 2025.
Includes general government, public non-financial corporations and public financial corporations

Quarterly national accounts public sector measures, chain volume (a), seasonally adjusted
			Mar Qtr 2025 ($m)	Jun Qtr 2025 ($m)	Sep Qtr 2025 ($m)	Dec Qtr 2025 ($m)	Sep Qtr 2025 to Dec Qtr 2025 (% change)
General government final consumption expenditure (b)
	National-defence		12,263	12,697	12,935	13,200	2.1
	National-non-defence		60,675	61,978	62,436	62,805	0.6
	Total national		72,938	74,675	75,371	76,006	0.8
	State and local		81,898	81,756	82,751	83,570	1.0
	Total general government final consumption expenditure		154,836	156,431	158,122	159,576	0.9
Public gross fixed capital formation
	General government
		National-defence	3,899	3,150	3,514	3,764	7.1
		National-non-defence	2,851	2,732	2,846	2,807	-1.4
		Total national	6,750	5,882	6,360	6,571	3.3
		State and local	20,420	19,792	20,193	20,475	1.4
		Total general government	27,170	25,674	26,553	27,046	1.9
	Public corporations
		Commonwealth	2,569	2,663	2,594	2,753	6.1
		State and local	8,734	8,711	9,010	8,712	-3.3
		Total public corporations	11,302	11,374	11,604	11,465	-1.2
	Total public gross fixed capital formation		38,472	37,049	38,157	38,511	0.9
Total public demand			193,308	193,480	196,280	198,086	0.9
Memorandum item
	Net purchases of second hand assets by public sector		1,132	918	1,233	1,202	-2.6
	Public authorities changes in inventories (c)		-576	1,540	-173	932	na

na not available for publication but included in totals where applicable, unless otherwise indicated

Reference year for chain volume measures is 2023-24
See explanatory notes for the relationship between general government final consumption expenditure and GFS aggregates Government Finance Statistics, Australia methodology, December 2025.
Includes general government, public non-financial corporations and public financial corporations

Public demand contribution to GDP growth

Public demand, contribution to GDP growth (a) (b)
	Gov final consumption expenditure (ppt)	Gov gross fixed capital formation (ppt)
Dec-22	0.1	0.0
Mar-23	0.1	0.2
Jun-23	0.2	0.3
Sep-23	0.3	0.2
Dec-23	0.0	-0.1
Mar-24	0.4	-0.1
Jun-24	0.3	0.0
Sep-24	0.4	0.4
Dec-24	0.1	-0.1
Mar-25	0.0	-0.1
Jun-25	0.2	-0.2
Sep-25	0.2	0.2
Dec-25	0.2	0.1

Public demand, contribution to GDP growth (a) (b)

["","Gov final consumption expenditure","Gov gross fixed capital formation"]

[["Dec-22","Mar-23","Jun-23","Sep-23","Dec-23","Mar-24","Jun-24","Sep-24","Dec-24","Mar-25","Jun-25","Sep-25","Dec-25"],[[0.1],[0.1],[0.2],[0.3],[0],[0.4],[0.3],[0.4],[0.1],[0],[0.2],[0.2],[0.2]],[[0],[0.2],[0.3],[0.2],[-0.1],[-0.1],[0],[0.4],[-0.1],[-0.1],[-0.2],[0.2],[0.1]]]

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Chain volume measures seasonally adjusted
using the GDP series as published in the September 2025 release of Australian National Accounts: National Income, Expenditure and Product.

Revisions and changes

Revisions

Divergences with government fiscal reporting

Previous catalogue number

Data downloads