MARCH QUARTER 2011 KEY FIGURES: ALL LEVELS OF GOVERNMENT

In the March quarter 2011 -

• Taxation revenue decreased 4.0% to $88,984m.
• General government sector expenditure exceeded revenue resulting in a GFS net operating balance of -$8,159m.
• The GFS net lending(+)/borrowing(-) position for the general government sector was -$12,884m.

			Dec Qtr 2010	Mar Qtr 2011	Dec Qtr 2010 to Mar Qtr 2011
			$m	$m	% change
Current Prices
Taxation revenue
	General government		92 682	88 984	-4.0
Total revenue
	General government		113 228	109 093	-3.7
	Public Non-Financial corporations		17 650	17 659	0.1
Total expenses
	General government		120 520	117 252	-2.7
	Public Non-Financial corporations		16 396	16 675	1.7
GFS Net operating balance
	General government		-7 292	-8159	..
	Public Non-Financial corporations		1 254	984	..
GFS Net lending(+)/borrowing(-)
	General government		-14 243	-12 884	..
	Public Non-Financial corporations		636	2 293	..

QUARTERLY NATIONAL ACCOUNTS PUBLIC SECTOR MEASURES - KEY FIGURES

The table below includes the key public sector aggregates for the March quarter 2011 which will be included in the Australian National Accounts: National Income, Expenditure and Product (cat. no. 5206.0). The key figures shown include Government Final Consumption Expenditure and Gross Fixed Capital Formation for general government and public corporations, seasonally adjusted in current prices and chain volume terms.

In the March quarter 2011:

• In seasonally adjusted chain volume terms, total general government final consumption expenditure increased by $815m, a rise of 1.4% compared with December quarter 2010.
• General government gross fixed capital formation, in seasonally adjusted chain volume terms, increased by 0.3%.

			Jun Qtr 2010	Sep Qtr 2010	Dec Qtr 2010	Mar Qtr 2011	Dec Qtr 2010 to Mar Qtr 2011
			$m	$m	$m	$m	% change
Current Prices
General government final consumption expenditure (a)
	National - defence		5 414	5 687	5 799	6 103	5.3
	National - non-defence		18 229	17 896	18 243	18 682	2.4
	Total national		23 643	23 582	24 042	24 785	3.1
	State and local		36 922	37 600	37 660	37 735	0.2
	Total general government final consumption expenditure		60 565	61 182	61 702	62 520	1.3
Public gross fixed capital formation
	General government
		National - defence	1 971	1 939	1 922	1 458	-24.2
		National - non-defence	2 514	2 061	2 066	2 789	35
		Total national	4 486	4 000	3 989	4 247	6.5
		State and local	10 157	10 146	10 237	10 059	-1.7
		Total general government	14 643	14 146	14 226	14 306	0.6
	Public corporations
		Commonwealth	304	393	429	517	20.4
		State and local	5 832	5 989	5 923	5 678	-4.1
		Total public corporations	6 136	6 382	6 353	6 194	-2.5
	Total public gross fixed capital formation		20 778	20 528	20 579	20 500	-0.4
Memorandum item
	Net purchases of second-hand assets by public sector		-134	-172	-153	-317	..
Chain Volume (b)
General government final consumption expenditure (a)
	National - defence		5 426	5 655	5 737	5 986	4.3
	National - non-defence		16 711	17 033	17 323	17 445	0.7
	Total national		22 137	22 688	23 060	23 432	1.6
	State and local		35 156	34 873	35 100	35 543	1.3
	Total general government final consumption expenditure		57 293	57 562	58 160	58 975	1.4
Public gross fixed capital formation
	General government
		National - defence	2 293	2 259	2 231	1 696	-24
		National - non-defence	2 611	2 120	2 123	2 868	35.1
		Total national	4 905	4 379	4 354	4 564	4.8
		State and local	10 384	10 321	10 399	10 235	-1.6
		Total general government	15 289	14 699	14 753	14 799	0.3
	Public corporations
		Commonwealth	315	405	445	532	19.6
		State and local	5 958	6 086	6 014	5 735	-4.6
		Total public corporations	6 273	6 490	6 459	6 267	-3.0
	Total public gross fixed capital formation		21 562	21 190	21 212	21 066	-0.7
Memorandum item
	Net purchases of second-hand assets by public sector		-136	-176	-156	-330	..

(a) See paragraph 35 of the Explanatory Notes for the relationship between general government final consumption expenditure and GFS aggregates.
(b) Reference year for chain volume measures is 2008-09.


MARCH QUARTER 2011 GFS RELEASE

This release presents quarterly government finance statistics on an accrual accounting basis. All tables are presented in GFS operating statement format and are for the general government sector, with the exception of Table 2 which presents data for the public non-financial corporations sector.

Quarterly GFS are released for the current financial year only, other than in the September quarter, when the quarters of the previous financial year are presented. Users requiring data for earlier periods should consult Government Finance Statistics, Australia (cat. no. 5512.0). The latest issue (2009-10) was released on 12 April 2010. Final annual GFS results for 2010-11 are scheduled for release by the ABS in April 2012.

Table	Sep 10	Dec 10	Mar 11
Table 1 All Levels of Government - General Government	*	*	*
Table 2 All Levels of Government - Public Non-Financial Corporations	*	*	*
Table 3 Commonwealth Government	*	*	*
Table 4 Total State & Local	*	*	*
Table 5 New South Wales	*	*
Table 6 Victoria	*	*
Table 7 Queensland	*	*
Table 8 South Australia	*	*
Table 9 Western Australia	*	*
Table 10 Tasmania	*	*
Table 11 Northern Territory	*	*
Table 12 Australian Capital Territory	*	*

IMPACT OF THE FLOODS

Flooding began in late December 2010 in Queensland and was more extensive in Queensland and other states in January 2011. In the March quarter 2011 the Commonwealth Government grant payments to the states under the National Disaster Relief Recovery Arrangements were offset by a fall in the other grant payments to the states.


PRIVATISATIONS

Privatisations of some activities occurred during the March quarter 2011 . Prior to privatisation these activities were included in the Public Non-Financial Corporations sector in Government Finance Statistics. From the privatisation date, these activities are in-scope of the relevant ABS surveys of the private sector.


FORTHCOMING ISSUES

The release of GFS quarterly data is usually coordinated to be the day before the respective issue of Australian National Accounts: National Income, Expenditure and Product (cat. no. 5206.0). The scheduled release dates for the next two issues are:

Issue	5519.0.55.001	5206.0
June 2011	6 September 2011	7 September 2011
September 2011	6 December 2011	7 December 2011

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070, email <client.services@abs.gov.au> or Larissa Fischer on Canberra (02) 6252 5392, email <public.finance@abs.gov.au>