TAXES LESS SUBSIDIES ON PRODUCTS
Definition and scope
Taxes on products are levied by both the States and the Commonwealth. Taxes on products include taxes on the provision of goods and services (e.g. sales tax and GST), excises, taxes on international trade, taxes on gambling, taxes on insurance, etc.
Subsidies on products are paid by governments to the producer for the production of a particular product.
Summary of GSP(P) sources and methods
Commonwealth taxes have been allocated to states using HFCE, imports or GVA depending on the type of tax. This allocation of Commonwealth taxes is then combined with the State taxes to produce a total Taxes on products for each state.
Volume estimates of Taxes on products are produced using quantity revaluation. The indicators used for quantity revaluation depend on each individual tax. For example, Sales tax is based around the taxation revenue collected and total wholesale sale volumes. Taxes on crude oil is based on the taxation revenue collected and the quantity of petroleum produced.
Subsidies on products are only a small proportion of Taxes less subsidies on products. State subsidies have been combined with a state share of Commonwealth subsidies which have been allocated to states based on Taxes less subsidies on production and imports shares.
The output indicator (i.e. Total taxes less subsidies on production) is calculated as the difference between total Taxes on products and total Subsidies on products for each state. The state output indicators are used to derive volume measures of Taxes less subsidies on products. The state volume Taxes less subsidies on products estimates are benchmarked to the annual national industry volume Taxes less subsidies on products estimates.
Results for Taxes less subsidies on products
Taxes less subsidies on products gross value added(a), Chain volume measures(b) |
|  |
| 2000-01 | 2001-02 | 2002-03 | 2003-04 | 2004-05 | 2005-06 | |
Values ($m) | |
| |
| New South Wales | 22 733 | 23 810 | 25 239 | 26 116 | 26 979 | 27 441 | |
| Victoria | 17 407 | 18 255 | 19 366 | 20 054 | 20 714 | 21 113 | |
| Queensland | 11 174 | 11 633 | 12 186 | 12 600 | 12 968 | 13 130 | |
| South Australia | 4 812 | 5 032 | 5 272 | 5 452 | 5 595 | 5 660 | |
| Western Australia | 5 404 | 5 606 | 5 845 | 6 067 | 6 260 | 6 324 | |
| Tasmania | 1 275 | 1 330 | 1 383 | 1 428 | 1 460 | 1 470 | |
| Northern Territory | 533 | 550 | 572 | 593 | 611 | 619 | |
| Australian Capital Territory | 1 336 | 1 365 | 1 375 | 1 379 | 1 359 | 1 310 | |
| Australia | 64 688 | 67 598 | 71 268 | 73 705 | 75 947 | 77 042 | |
Percentage changes from previous year (%) | |
| |
| New South Wales | -2.1 | 4.7 | 6.0 | 3.5 | 3.3 | 1.7 | |
| Victoria | -2.1 | 4.9 | 6.1 | 3.6 | 3.3 | 1.9 | |
| Queensland | -2.3 | 4.1 | 4.8 | 3.4 | 2.9 | 1.2 | |
| South Australia | -2.2 | 4.6 | 4.8 | 3.4 | 2.6 | 1.2 | |
| Western Australia | -2.4 | 3.7 | 4.3 | 3.8 | 3.2 | 1.0 | |
| Tasmania | -2.1 | 4.3 | 3.9 | 3.3 | 2.2 | 0.7 | |
| Northern Territory | -2.6 | 3.3 | 4.0 | 3.7 | 3.0 | 1.3 | |
| Australian Capital Territory | -8.7 | 2.2 | 0.7 | 0.3 | -1.4 | -3.6 | |
| Australia | -2.3 | 4.5 | 5.4 | 3.4 | 3.0 | 1.4 | |
| |
| (a) At basic prices. |
| (b) Reference year for chain volume measures is 2004-05. |
Taxes less subsidies on products gross value added(a), Chain volume measures(b)-Percentage changes
Taxes less subsidies on products gross value added(a), Chain volume measures(b)-Percentage changes
Taxes less subsidies on products gross value added(a), Chain volume measures(b)-Percentage changes
Taxes less subsidies on products gross value added(a), Chain volume measures(b)-Percentage changes
Throughout the time series, all states generally exhibited a similar growth pattern to Australia.
Taxes less subsidies on products gross value added, State shares - Current prices |
| |
| 1989-90 | 1994-95 | 1999-00 | 2003-04 | 2004-05 | 2005-06 | |
| % | % | % | % | % | % | |
| |
| New South Wales | 38.3 | 36.8 | 38.4 | 35.7 | 35.5 | 34.6 | |
| Victoria | 27.1 | 26.6 | 27.1 | 27.2 | 27.3 | 27.2 | |
| Queensland | 14.5 | 15.4 | 14.5 | 17.0 | 17.1 | 17.1 | |
| South Australia | 7.1 | 7.4 | 7.0 | 7.3 | 7.4 | 7.3 | |
| Western Australia | 8.8 | 9.2 | 8.5 | 8.4 | 8.2 | 9.0 | |
| Tasmania | 2.1 | 2.2 | 2.0 | 1.9 | 1.9 | 1.9 | |
| Northern Territory | 0.6 | 0.9 | 0.8 | 0.8 | 0.8 | 0.9 | |
| Australian Capital Territory | 1.4 | 1.6 | 1.7 | 1.8 | 1.8 | 1.8 | |
| Australia | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | |
| |
Taxes less subsidies on products shares have remained relatively stable throughout the time series. Between 1989-90 and 2005-06, the New South Wales share decreased whereas the Queensland share increased.
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