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

March 2026

Released

2/06/2026

Release date and time

02/06/2026 11:30am AEST

Key statistics

In March quarter 2026:

general government net operating balance rose $1.3b to -$0.4b, since December quarter 2025
taxation revenue declined 4.5% to $220.6b, since December quarter 2025
general government borrowing was $12.7b
total public demand is expected to contribute 0.0ppt 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

	Jun Qtr 2025	Sep Qtr 2025	Dec Qtr 2025	Mar Qtr 2026	Dec Qtr 2025 to Mar Qtr 2026
	($m)	($m)	($m)	($m)	(% change)
Taxation revenue
General government	226,266	199,529	230,998	220,568	-4.5%
Total revenue
General government	271,480	244,912	274,653	264,997	-3.5%
Public non-financial corporations	31,551	31,622	32,186	33,581	4.3%
Total expenses
General government	268,858	279,532	276,405	265,414	-4.0%
Public non-financial corporations	32,390	32,379	33,408	33,511	0.3%
GFS Net Operating Balance
General government	2,622	-34,620	-1,752	-418	na
Public non-financial corporations	-839	-757	-1,222	70	na
GFS Net Lending (+)/Borrowing (-)
General government	-16,639	-44,999	-16,950	-12,703	na
Public non-financial corporations	-9,233	-7,586	-11,939	-4,059	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)
Mar-25	250.3	-251.6	-1.3
Jun-25	271.5	-268.9	2.6
Sep-25	244.9	-279.5	-34.6
Dec-25	274.7	-276.4	-1.8
Mar-26	265.0	-265.4	-0.4

Net operating balance of all levels of general government

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

[["Mar-25","Jun-25","Sep-25","Dec-25","Mar-26"],[[250.3],[271.5],[244.9],[274.7],[265]],[[-251.6],[-268.9],[-279.5],[-276.4],[-265.4]],[[-1.3],[2.6],[-34.6],[-1.8],[-0.4]]]

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National accounts public sector measures

The table below includes the key public sector aggregates for March quarter 2026 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 0.0 percentage points to the change in GDP in March quarter 2026
general government final consumption expenditure fell $258m (down 0.2%) and is expected to contribute 0.0 percentage points to the change in GDP in March quarter 2026.
general government gross fixed capital formation rose $484m (up 1.8%)
public corporations gross fixed capital formation fell $135m (down 1.2%)
total public gross fixed capital formation rose $349m (up 0.9%) and is expected to contribute 0.1 percentage points to the change in GDP in March quarter 2026

Contributions may not be additive due to rounding

Quarterly national accounts public sector measures, current prices, seasonally adjusted
			Jun Qtr 2025 ($m)	Sep Qtr 2025 ($m)	Dec Qtr 2025 ($m)	Mar Qtr 2026 ($m)	Dec Qtr 2025 to Mar Qtr 2026 (% change)
General government final consumption expenditure (a)
	National-defence		13,397	13,744	14,194	14,303	0.8
	National-non-defence		65,415	66,329	67,301	68,237	1.4
	Total national		78,812	80,073	81,495	82,541	1.3
	State and local		85,525	87,447	89,140	88,568	-0.6
	Total general government final consumption expenditure		164,337	167,520	170,634	171,108	0.3
Public gross fixed capital formation
	General government
		National-defence	3,438	3,826	4,141	4,364	5.4
		National-non-defence	2,829	2,961	2,910	2,900	-0.4
		Total national	6,267	6,787	7,051	7,264	3.0
		State and local	20,747	21,136	21,629	21,950	1.5
		Total general government	27,013	27,923	28,679	29,214	1.9
	Public corporations
		Commonwealth	2,739	2,711	2,829	2,713	-4.1
		State and local	8,970	9,394	9,070	9,037	-0.4
		Total public corporations	11,709	12,105	11,899	11,751	-1.2
	Total public gross fixed capital formation		38,722	40,028	40,578	40,965	1.0
Total public demand			203,059	207,549	211,212	212,073	0.4
Memorandum item
	Net purchases of second hand assets by public sector		1,030	1,303	1,272	1,203	-5.4
	Public authorities changes in inventories (b)		1,331	844	4,762	-781	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, March 2026.
Includes general government, public non-financial corporations and public financial corporations

Quarterly national accounts public sector measures, chain volume (a), seasonally adjusted
			Jun Qtr 2025 ($m)	Sep Qtr 2025 ($m)	Dec Qtr 2025 ($m)	Mar Qtr 2026 ($m)	Dec Qtr 2025 to Mar Qtr 2026 (% change)
General government final consumption expenditure (b)
	National-defence		12,786	12,960	13,267	13,247	-0.2
	National-non-defence		62,008	62,318	62,609	63,043	0.7
	Total national		74,794	75,278	75,876	76,290	0.5
	State and local		82,027	82,949	83,726	83,054	-0.8
	Total general government final consumption expenditure		156,821	158,227	159,602	159,344	-0.2
Public gross fixed capital formation
	General government
		National-defence	3,152	3,537	3,804	4,064	6.8
		National-non-defence	2,731	2,847	2,792	2,783	-0.3
		Total national	5,883	6,383	6,595	6,847	3.8
		State and local	19,838	20,130	20,481	20,714	1.1
		Total general government	25,722	26,513	27,076	27,560	1.8
	Public corporations
		Commonwealth	2,670	2,635	2,744	2,634	-4.0
		State and local	8,651	9,027	8,692	8,668	-0.3
		Total public corporations	11,321	11,662	11,437	11,302	-1.2
	Total public gross fixed capital formation		37,042	38,175	38,513	38,862	0.9
Total public demand			193,863	196,402	198,115	198,206	0.0
Memorandum item
	Net purchases of second hand assets by public sector		976	1,226	1,188	1,113	-6.3
	Public authorities changes in inventories (c)		1,540	-185	1,155	-766	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, March 2026.
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)
Mar-23	0.1	0.2
Jun-23	0.2	0.3
Sep-23	0.3	0.2
Dec-23	0.1	-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	0.1	-0.1
Jun-25	0.3	-0.2
Sep-25	0.2	0.2
Dec-25	0.2	0.0
Mar-26	0.0	0.1

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

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

[["Mar-23","Jun-23","Sep-23","Dec-23","Mar-24","Jun-24","Sep-24","Dec-24","Mar-25","Jun-25","Sep-25","Dec-25","Mar-26"],[[0.1],[0.2],[0.3],[0.1],[0.4],[0.3],[0.4],[0.1],[0.1],[0.3],[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],[0.1]]]

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Chain volume measures seasonally adjusted
using the GDP series as published in the December 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