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ACCRUAL OPERATING RESULTS, 2011–12


The GFS net operating balance for All Levels of Government in 2011–12 was –$35,520m for the General Government sector and –$38,152m for the Total Public sector.

GFS net lending/borrowing in 2011–12 was –$62,012m for the General Government sector and –$78,169m for the Total Public sector.

The following table shows 2011–12 GFS operating statement aggregates by sector across the various levels of government.

Operating Results, 2011–12(a)
		General Government	Non–financial Public Sector	Total Public Sector
		2011–12	2011–12	2011–12
		$m	$m	$m
All Levels of Government
	GFS Revenue	486 480	535 905	550 260
	GFS Expenses	522 001	571 682	588 412
	GFS Net Operating Balance	–35 520	–35 777	–38 152
	Net acquisition of non–financial assets	26 492	39 942	40 017
	GFS Net Lending(+)/Borrowing(–)	–62 012	–75 719	–78 169
Commonwealth Government
	GFS Revenue	339 451	345 859	351 962
	GFS Expenses	378 468	385 047	391 102
	GFS Net Operating Balance	–39 017	–39 188	–39 140
	Net acquisition of non–financial assets	5 173	7 140	7 147
	GFS Net Lending(+)/Borrowing(–)	–44 190	–46 328	–46 287
State and Local Government
	GFS Revenue	239 128	282 396	290 694
	GFS Expenses	231 807	275 186	285 907
	GFS Net Operating Balance	7 321	7 210	4 787
	Net acquisition of non–financial assets	19 470	30 938	31 007
	GFS Net Lending(+)/Borrowing(–)	–12 149	–23 728	–26 220
Multi–jurisdictional(b)
	GFS Revenue	22 722	23 603	23 603
	GFS Expenses	21 449	22 364	22 364
	GFS Net Operating Balance	1 273	1 239	1 239
	Net acquisition of non–financial assets	1 848	1 863	1 863
	GFS Net Lending(+)/Borrowing(–)	–575	–624	–624
(a) The Total Public Sector comprises General Government, Public Non–financial Corporations and Public Financial Corporations. The sum of individual levels of government or sectors may not agree with the Total Public Sector figures due to transfers between levels of government.
(b) The Multi–jurisdictional sector contains units where jurisdiction is shared between two or more governments, or classification of a unit to a jurisdiction is otherwise unclear. The main types of units currently falling into this category are the public universities.