5512.0 - Government Finance Statistics, Australia, 2007-08 Quality Declaration 
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 30/04/2009   
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TIME SERIES TOTAL PUBLIC SECTOR


TOTAL PUBLIC SECTOR TIME SERIES

For the total public sector across all levels of government, GFS revenue increased by $23,823 million (5.4%) from $444,521 million in 2006-07 to $468,344 million in 2007-08. GFS expenses increased by $24,698 (6.0%) from $410,291 million to $434,989 million. As a result GFS net operating balance decreased by $875 million from $34,230 million in 2006-07 to $33,355 million in 2007-08

Between 30 June 2007 and 30 June 2008 GFS net worth across the total public sector increased by $147,929 million from $714,257 million to $862186 million.

The following tables show a time series of major aggregates for the total public sector across different levels of government.

MAJOR AGGREGATES, Total Public Sector, All Levels of Government

2002-03
2003-04
2004-05
2005-06
2006-07
2007-08
$m
$m
$m
$m
$m
$m

GFS Revenue
335 997
360 571
390 587
421 659
444 521
468 344
GFS Expenses
323 207
342 099
366 419
393 212
410 291
434 989
GFS Net Operating Balance
12 790
18 472
24 167
28 447
34 230
33 355
Net acquisition of non-financial assets
6 125
8 002
11 325
17 893
24 605
30 062
GFS Net Lending(+)/Borrowing(-)
6 665
10 470
12 842
10 555
9 625
3 292
Cash Surplus (+)/Deficit (-)
11 296
15 936
20 908
18 637
5 900
7 936
Total assets
906 441
969 148
1 073 741
1 189 954
1 297 219
1 483 096
Total liabilities
474 684
477 921
519 203
574 040
582 962
620 909
GFS Net worth
403 119
460 052
524 195
593 845
714 257
862 186


For the Commonwealth Government total public sector, GFS revenue increased by $20,929 million (7.1%) from $293,697 million in 2006-07 to $314,626 million in 2007-08. GFS expenses increased by $15,345 (5.6%) from $274,270 million to $289,615 million. As a result GFS net operating balance increased by $5,584 million from $19,427 million in 2006-07 to $25,011 million in 2007-08

Between 30 June 2007 and 30 June 2008 GFS net worth across the for the Commonwealth Government total public sector increased by $36,109 million from $7,046 million to $43,155 million.

The data for 2006-07 has been impacted by the privatisation of Telstra on 20 November 2007.

MAJOR AGGREGATES, Total Public Sector, Commonwealth Government

2002-03
2003-04
2004-05
2005-06
2006-07
2007-08
$m
$m
$m
$m
$m
$m

GFS Revenue
228 001
243 076
266 611
285 687
293 697
314 626
GFS Expenses
220 918
234 843
252 273
268 924
274 270
289 615
GFS Net Operating Balance
7 083
8 233
14 337
16 762
19 427
25 011
Net acquisition of non-financial assets
-741
606
466
2 089
3 103
2 720
GFS Net Lending(+)/Borrowing(-)
7 824
7 628
13 871
14 673
16 324
22 291
Cash Surplus (+)/Deficit (-)
7 893
9 245
15 171
14 656
17 238
24 186
Total assets
200 094
215 388
245 305
278 798
298 871
347 677
Total liabilities
261 164
263 338
288 766
297 140
291 825
304 522
GFS Net worth
-89 754
-79 125
-73 804
-40 410
7 046
43 155

MAJOR AGGREGATES, Total Public Sector, State Government

2002-03
2003-04
2004-05
2005-06
2006-07
2007-08
$m
$m
$m
$m
$m
$m

GFS Revenue
142 622
153 725
162 839
176 407
191 920
201 298
GFS Expenses
138 100
144 667
154 243
167 306
180 070
195 332
GFS Net Operating Balance
4 522
9 059
8 596
9 100
11 850
5 966
New South Wales(a)
1 768
1 283
987
1 608
3 382
1 598
Victoria
1 773
2 624
1 542
996
2 169
1 432
Queensland
158
3 512
4 281
4 137
2 787
-1 062
South Australia
169
501
269
-32
378
665
Western Australia
373
1 152
1 690
2 610
2 766
2 450
Tasmania
216
249
205
26
57
197
Northern Territory
-12
2
22
76
243
485
Australian Capital Territory
86
-234
-397
-334
66
199
Net acquisition of non-financial assets
5 379
5 365
7 800
12 338
16 928
22 583
GFS Net Lending(+)/Borrowing(-)
-857
3 694
795
-3 238
-5 078
-16 617
New South Wales(a)
-471
-936
-1 497
-2 127
-1 706
-4 301
Victoria
34
965
173
-1 015
-743
-1 337
Queensland
-873
2 812
1 735
162
-4 015
-11 135
South Australia
89
483
109
-97
97
338
Western Australia
77
382
617
305
943
-804
Tasmania
178
177
113
-182
80
183
Northern Territory
-72
-13
-97
-67
98
228
Australian Capital Territory
216
-144
-354
-229
166
209
Cash Surplus (+)/Deficit (-)
4 084
6 919
6 132
4 990
-9 776
-14 609
New South Wales(a)
2 109
849
190
967
-8 399
-3 924
Victoria
330
1 505
953
276
-1 303
-689
Queensland
397
3 111
4 425
2 163
-1 326
-11 170
South Australia
391
631
416
551
195
540
Western Australia
39
128
7
738
395
-523
Tasmania
396
364
237
146
214
339
Northern Territory
109
61
-4
79
197
284
Australian Capital Territory
282
247
-94
73
261
545
Total assets
521 614
557 356
616 659
679 656
746 798
849 876
Total liabilities
213 162
214 347
228 594
272 844
286 182
311 694
GFS Net worth
308 461
343 009
388 065
406 812
460 616
538 181
New South Wales(a)
121 472
124 646
129 053
126 846
136 108
146 780
Victoria
50 619
61 187
75 018
75 422
84 660
91 698
Queensland
64 896
77 722
96 433
105 033
117 832
155 176
South Australia
15 740
16 159
16 721
20 291
22 746
23 746
Western Australia
38 012
43 741
50 213
57 941
75 709
92 874
Tasmania
7 200
8 004
9 008
9 107
9 658
11 388
Northern Territory
1 892
2 166
2 354
2 727
2 721
3 214
Australian Capital Territory
8 629
9 380
9 265
9 445
11 182
13 305

(a) ABS is progressively reviewing historical data for NSW. Revisions have been made to 2005-06 and 2006-07 in the time series data and further revisions for the earlier years are expected to be incorporated in the release of 2008-09 GFS data in 2010.