7. Expenses

Latest release
Australian System of Government Finance Statistics: Concepts, Sources and Methods
Reference period

Part A - Introduction


Expenses are defined as decreases in net worth resulting from transactions. In GFS, expenses have counterpart entries as either decreases in assets or increases in liabilities recorded in the GFS balance sheet. Payments in connection with work relating to own-account capital formation are reported as transactions in own-account capital formation (ETF 4113, TALC, COFOG-A, SDC) as part of acquisitions of non-financial assets, with a further break down classified to the appropriate category in own-account capital formation (ETF 76) as part of supplementary information (see Appendix 1 Part B of this manual).


This chapter will examine the types of expenses, the time of recording expenses, and the detailed classification of expenses.

Back to top of the page