Unless indicated, all figures presented in this publication are current prices, original series.
One article is included in this release:
Insights into Government Finance Statistics, key insights and analysis from September quarter 2022
Statistics about finances of the general government and public non-financial corporations sectors for the various levels of government in Australia
In September quarter 2022:
Unless indicated, all figures presented in this publication are current prices, original series.
One article is included in this release:
Insights into Government Finance Statistics, key insights and analysis from September quarter 2022
Dec Qtr 2021 | Mar Qtr 2022 | Jun Qtr 2022 | Sep Qtr 2022 | Jun Qtr 2022 to Sep Qtr 2022 | ||
---|---|---|---|---|---|---|
$m | $m | $m | $m | % change | ||
Taxation revenue | ||||||
General government | 178,594 | 168,280 | 192,541 | 160,515 | -16.6% | |
Total revenue | ||||||
General government | 211,094 | 204,351 | 233,458 | 200,250 | -14.2% | |
Public non-financial corporations | 23,952 | 25,397 | 28,865 | 26,489 | -8.2% | |
Total expenses | ||||||
General government | 216,443 | 206,255 | 220,268 | 215,274 | -2.3% | |
Public non-financial corporations | 24,805 | 25,758 | 28,699 | 27,112 | -5.5% | |
GFS Net Operating Balance | ||||||
General government | -5,350 | -1,904 | 13,189 | -15,024 | np | |
Public non-financial corporations | -853 | -361 | 166 | -623 | np | |
GFS Net Lending (+)/Borrowing (-) | ||||||
General government | -16,061 | -12,656 | -8,408 | -25,284 | np | |
Public non-financial corporations | -3,752 | -2,093 | -3,659 | -2,675 | np |
np indicates this value not available for publication but included in totals where applicable, unless otherwise indicated
The table below includes the key public sector aggregates for September quarter 2022 which will be included in the Australian National Accounts: National Income, Expenditure and Product. The key figures shown include Total Public Demand, Government Final Consumption Expenditure for total general government and Gross Fixed Capital Formation for total general government and total public corporations, seasonally adjusted in current prices and chain volume terms.
The following are the seasonally adjusted chain volume measures based on the previous quarter:
Dec Qtr 2021 | Mar Qtr 2022 | Jun Qtr 2022 | Sep Qtr 2022 | Jun Qtr 2022 to Sep Qtr 2022 | |||
---|---|---|---|---|---|---|---|
$m | $m | $m | $m | % change | |||
CURRENT PRICES | |||||||
General government final consumption expenditure (b) | |||||||
National-defence | 10,587 | 11,451 | 11,378 | 11,589 | 1.9 | ||
National-non-defence | 47,195 | 49,456 | 49,962 | 49,439 | -1.0 | ||
Total national | 57783 | 60907 | 61340 | 61,029 | -0.5 | ||
State and local | 67,652 | 68,817 | 68,759 | 70,033 | 1.9 | ||
Total general government final consumption expenditure | 125,434 | 129,723 | 130,099 | 131,062 | 0.7 | ||
Public gross fixed capital formation | |||||||
General government | |||||||
National-defence | 2,490 | 2,796 | 3,082 | 2,725 | -11.6 | ||
National-non-defence | 2,724 | 2,743 | 2,741 | 2,530 | -7.7 | ||
Total national | 5,214 | 5,539 | 5,823 | 5,255 | -9.8 | ||
State and local | 16,197 | 16,775 | 18,317 | 18,222 | -0.5 | ||
Total general government | 21,411 | 22,314 | 24,140 | 23,477 | -2.7 | ||
Public corporations | |||||||
Commonwealth | 1,579 | 1,474 | 1,668 | 1,781 | 6.8 | ||
State and local | 4,647 | 4,965 | 5,122 | 5,336 | 4.2 | ||
Total public corporations | 6,226 | 6,439 | 6,790 | 7,117 | 4.8 | ||
Total public gross fixed capital formation | 27,637 | 28,754 | 30,930 | 30,594 | -1.1 | ||
Total public demand | 153,071 | 158,477 | 161,028 | 161,656 | 0.4 | ||
Memorandum item | |||||||
Net purchases of second hand assets by public sector | 503 | 576 | 1,299 | 326 | np | ||
Public authorities changes in inventories (c) | 1,109 | 1,380 | 1,735 | -672 | np | ||
CHAIN VOLUME (d) | |||||||
General government final consumption expenditure | |||||||
National-defence | 10,208 | 10,918 | 10,709 | 10,796 | 0.8 | ||
National-non-defence | 46,466 | 48,390 | 48,545 | 48,043 | -1.0 | ||
Total national | 56,674 | 59,309 | 59,254 | 58,839 | -0.7 | ||
State and local | 66,103 | 66,731 | 65,969 | 66,493 | 0.8 | ||
Total general government final consumption expenditure | 122,777 | 126,039 | 125,223 | 125,332 | 0.1 | ||
Public gross fixed capital formation | |||||||
General government | |||||||
National-defence | 2,428 | 2,670 | 2,901 | 2,470 | -14.9 | ||
National-non-defence | 2,664 | 2,652 | 2,599 | 2,379 | -8.5 | ||
Total national | 5,092 | 5,323 | 5,499 | 4,848 | -11.8 | ||
State and local | 15,714 | 15,963 | 17,059 | 16,572 | -2.9 | ||
Total general government | 20,807 | 21,285 | 22,558 | 21,421 | -5.0 | ||
Public corporations | |||||||
Commonwealth | 1,532 | 1,406 | 1,554 | 1,626 | 4.6 | ||
State and local | 4,470 | 4,675 | 4,705 | 4,804 | 2.1 | ||
Total public corporations | 6,002 | 6,082 | 6,259 | 6,430 | 2.7 | ||
Total public gross fixed capital formation | 26,809 | 27,367 | 28,817 | 27,851 | -3.4 | ||
Total public demand | 149,585 | 153,406 | 154,040 | 153,182 | -0.6 | ||
Memorandum item | |||||||
Net purchases of second hand assets by public sector | 483 | 543 | 1,201 | 289 | np | ||
Public authorities changes in inventories (c) | 558 | 1,685 | 940 | -360 | np |
— nil or rounded to zero
np indicates this value not available for publication but included in totals where applicable, unless otherwise indicated
(b) See Explanatory Notes for the relationship between general government final consumption expenditure and GFS aggregates
(c) Includes general government, public non-financial corporations and public financial corporations
(d) Reference year for chain volume measures in 2020-21 = 100.0
From 1 July 2019, government financial reporting implemented the following Australian Accounting Standards Board (AASB) standard changes:
GFS outputs are consistent with the historical treatments, which has resulted in increased divergences between economic statistics publications and government financial reporting.
Statistical revisions are carried out regularly in Government Finance Statistics to reflect the most current information and data available.
The ABS has reclassified payments to non-government schools in the quarterly GFS and the National Accounts in September quarter 2022. The ABS recognises:
Under the previous classification:
This has resulted in a reclassification to benefits to households in goods and services in GFS and social transfers in kind in National Accounts. Commonwealth and state government financial reporting will continue to separately recognise their funding contributions to non-government schools. This reclassification was also applied in the GFS 2020-21 annual release and the National Accounts 2021-22 release.
In addition to changes arising from the non-government school education revision, other divergences between state and commonwealth government financial reporting and GFS may occur because of conceptual determinations and timing recognition differences, to ensure alignment with economic activity as measured across ABS macroeconomic statistics.
These differences primarily impact:
COVID-19 impacted a range of Government Finance Statistics series since December quarter 2019. As new government policies were announced, the key policies and conceptual determinations were discussed in articles such as Economic measurement during COVID-19: Selected issues in the Economic Accounts, with a quarterly update series, such as Classifying COVID-19 policy interventions during September quarter 2021 in macroeconomic statistics.
Given that the volume of new policies since September quarter 2021 has slowed, this article has been discontinued. The ABS continues to undertake extensive consultation with stakeholders and subject matter experts to determine the appropriate classification for new government policies. The classifications of selected new policies across Commonwealth and State and Territory levels of government are included in the September quarter 2022 Insights article.
This release previously used catalogue number 5519.0.55.001.