5512.0 - Government Finance Statistics, Australia, 2018-19 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 28/04/2020   
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Key government finance statistics

Accrual operating results

The GFS net operating balance for all levels of government in 2018-19 was $17,300m for the general government sector and $3,474m for the total public sector.

GFS net lending/borrowing for all levels of government in 2018-19 was -$23,204m for the general government sector and -$47,530m for the total public sector.



Operating results, by sector, 2018-19

General Government Sector
Non-financial Public Sector
Total Public Sector(a)
2018-19
2018-19
2018-19
$m
$m
$m

All levels of government
GFS Revenue
696 913
753 975
765 985
GFS Expenses
679 613
745 061
762 511
GFS Net operating balance
17 300
8 914
3 474
Net acquisition of non-financial assets
40 503
51 238
51 003
GFS Net lending(+)/borrowing(-)
-23 204
-42 324
-47 530
Commonwealth Government
GFS Revenue
492 347
505 958
507 861
GFS Expenses
488 173
506 914
508 436
GFS Net operating balance
4 174
-957
-575
Net acquisition of non-financial assets
5 273
11 282
11 091
GFS Net lending(+)/borrowing(-)
-1 099
-12 239
-11 666
State and local government
GFS Revenue
323 588
368 074
378 236
GFS Expenses
307 914
355 655
371 649
GFS Net operating balance
15 674
12 409
6 586
Net acquisition of non-financial assets
33 199
37 926
37 882
GFS Net lending(+)/borrowing(-)
-17 525
-25 517
-31 296
Control not further defined(b)
GFS Revenue
33 066
33 066
33 066
GFS Expenses
31 777
31 777
31 777
GFS Net operating balance
1 289
1 289
1 289
Net acquisition of non-financial assets
2 031
2 031
2 031
GFS Net lending(+)/borrowing(-)
-741
-741
-741

(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 control not further defined (n.f.d.) 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.

Cash operating results

The cash operating result for all levels of government in 2018-19 was a deficit of -$8,658m for the general government sector and a deficit of -$23,859m for the total public sector.

Cash operating results, by sector, 2018-19

General Government Sector
Non-financial Public Sector
Total Public Sector(a)
2018-19
2018-19
2018-19
$m
$m
$m

GFS Cash surplus(+)/deficit(-)
Commonwealth Government
5 298
-3 400
-2 691
State and local government
New South Wales
-7 534
-12 758
-12 992
Victoria
-1 384
-2 200
-1 369
Queensland
472
-10
-1 437
South Australia
-401
-82
9
Western Australia
-235
-640
-651
Tasmania
-204
-183
-240
Northern Territory
-746
-728
-730
Australian Capital Territory
-224
-81
-81
Total state and local government
-10 229
-16 642
-17 450
Control not further defined(b)
-1 396
-1 396
-1 396
All levels of government
-8 658
-23 760
-23 859

(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 control not further defined (n.f.d.) 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.


Balance sheet results

GFS net worth reflects the contribution of governments to the wealth of Australia. The consolidated net worth as at 30 June 2019 for all levels of government was $800,260m.

Balance sheet results, by sector, at 30 June 2019

General Government Sector
Non-financial Public Sector
Total Public Sector(a)
at 30 June 2019
at 30 June 2019
at 30 June 2019
$m
$m
$m

All levels of government
Total assets
2 412 390
2 565 739
2 882 279
Total liabilities
1 612 130
1 765 455
2 081 880
GFS Net worth
800 260
800 284
800 399
Commonwealth Government
Total assets
601 839
621 411
778 076
Total liabilities
1 154 319
1 173 891
1 330 544
GFS Net worth
-552 480
-552 480
-552 468
State and local government
Total assets
1 740 759
1 875 266
2 036 123
Total liabilities
446 286
580 786
741 539
GFS Net worth
1 294 474
1 294 481
1 294 584
Control not further defined(b)
Total assets
81 653
81 653
81 653
Total liabilities
23 392
23 392
23 392
GFS Net worth
58 260
58 260
58 260

- nil or rounded to zero (including null cells)
(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 level of government.
(b) The control not further defined (n.f.d.) 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.


Transactions related to visa application changes

In December 2015, the Commonwealth Government released the 2015-16 Mid-Year Economic and Fiscal Outlook (MYEFO) which included a reclassification of visa application charges (VAC). In MYEFO these charges are now treated as taxation revenue rather than sales of goods and services. This reclassification has been applied to GFS, with no impact on total GFS revenue or the GFS net operating balance. The National Accounts statistics will maintain coherence with previously published data and classify this transaction as sales of goods and services. These treatments will remain in place until a review of the treatment of VAC across macroeconomic statistics has been completed.


Reviewing confidentialised historical data

The ABS has reviewed the confidentialisation of historical GFS data following the release of the updated Census and Statistics Determination 2018. This Determination is a key legislative instrument that sets out the circumstances under which the ABS may release statistical information collected under the Census and Statistics Act 1905. This review has resulted in the release of previously confidentialised GFS data which will enable additional analysis across the historical time series. This is on the basis that data providers have not objected or demonstrated that the release of this data would identify them.


About this publication

This publication presents government finance statistics on an accrual accounting basis for each jurisdiction for general government, public non-financial corporations, the non-financial public sector, public financial corporations and the total public sector for all levels of government, commonwealth government, state government, state and local government, local government and multi-jurisdictional as follows:
  • Operating statements;
  • Cash flow statements; and
  • Balance sheets.

Time series of these data are available on the ABS website for the periods 2009-10 to 2018-19.

Users interested in quarterly GFS data for the current financial year should refer to Government Finance Statistics, Australia, Quarterly (cat. no. 5519.0.55.001).


Inquiries

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 email <public.finance@abs.gov.au>. The ABS Privacy Policy outlines how the ABS will handle any personal information that you provide to us.