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 March quarter 2022
Statistics about finances of the general government and public non-financial corporations sectors for the various levels of government in Australia
In the March 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 March quarter 2022
Jun Qtr 2021 | Sep Qtr 2021 | Dec Qtr 2021 | Mar Qtr 2022 | Dec Qtr 2021 to Mar Qtr 2022 | ||
---|---|---|---|---|---|---|
$m | $m | $m | $m | % change | ||
Taxation revenue | ||||||
General government | 171,283 | 143,102 | 178,627 | 168,361 | –5.7% | |
Total revenue | ||||||
General government | 207,096 | 178,847 | 211,118 | 204,381 | –3.2% | |
Public non-financial corporations | 26,197 | 24,735 | 23,856 | 25,118 | 5.3% | |
Total expenses | ||||||
General government | 204,878 | 223,608 | 216,467 | 206,578 | -4.6% | |
Public non-financial corporations | 27,608 | 25,241 | 24,699 | 25,525 | 3.2% | |
GFS Net Operating Balance | ||||||
General government | 2,218 | -44,761 | -5,349 | -2,197 | np | |
Public non-financial corporations | -1,411 | -506 | -843 | -407 | np | |
GFS Net Lending (+)/Borrowing (-) | ||||||
General government | -15,403 | -52,063 | -16,053 | -13,593 | np | |
Public non-financial corporations | -4,754 | -2,131 | -3,644 | -1,967 | 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 the March 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:
Jun Qtr 2021 | Sep Qtr 2021 | Dec Qtr 2021 | Mar Qtr 2022 | Dec Qtr 2021 to Mar Qtr 2022 | ||||
---|---|---|---|---|---|---|---|---|
$m | $m | $m | $m | % change | ||||
CURRENT PRICES | ||||||||
General government final consumption expenditure (a) | ||||||||
National-defence | 9,432 | 9,816 | 9,475 | 10,098 | 6.6 | |||
National-non-defence | 41,141 | 42,526 | 42,810 | 44,388 | 3.7 | |||
Total national | 50,573 | 52,342 | 52,285 | 54,485 | 4.2 | |||
State and local | 62,181 | 65,164 | 66,404 | 67,827 | 2.1 | |||
Total general government final consumption expenditure | 112,754 | 117,506 | 118,689 | 122,313 | 3.1 | |||
Public gross fixed capital formation | ||||||||
General government | ||||||||
National-defence | 2,499 | 2,916 | 2,412 | 2,825 | 17.1 | |||
National-non-defence | 2,182 | 2,737 | 2,661 | 2,699 | 1.4 | |||
Total national | 4,681 | 5,653 | 5,072 | 5,524 | 8.9 | |||
State and local | 17,968 | 16,650 | 17,143 | 17,640 | 2.9 | |||
Total general government | 22,649 | 22,303 | 22,215 | 23,164 | 4.3 | |||
Public corporations | ||||||||
Commonwealth | 1,618 | 1,421 | 1,509 | 1,421 | -5.9 | |||
State and local | 4,310 | 4,431 | 4,466 | 4,608 | 3.2 | |||
Total public corporations | 5,928 | 5,851 | 5,975 | 6,029 | 0.9 | |||
Total public gross fixed capital formation | 28,577 | 28,154 | 28,190 | 29,193 | 3.6 | |||
Total public demand | 141,331 | 145,660 | 146,880 | 151,505 | 3.1 | |||
Memorandum item | ||||||||
Net purchases of second hand assets by public sector | 1,220 | 481 | 529 | 564 | np | |||
CHAIN VOLUME (b) | ||||||||
General government final consumption expenditure | ||||||||
National-defence | 9,395 | 9,680 | 9,255 | 9,772 | 5.6 | |||
National-non-defence | 40,248 | 41,379 | 41,457 | 43,177 | 4.2 | |||
Total national | 49,643 | 51,059 | 50,712 | 52,950 | 4.4 | |||
State and local | 61,240 | 63,662 | 64,451 | 65,365 | 1.4 | |||
Total general government final consumption expenditure | 110,883 | 114,720 | 115,163 | 118,314 | 2.7 | |||
Public gross fixed capital formation | ||||||||
General government | ||||||||
National-defence | 2,776 | 3,205 | 2,525 | 2,869 | 13.6 | |||
National-non-defence | 2,194 | 2,725 | 2,617 | 2,632 | 0.6 | |||
Total national | 4,970 | 5,929 | 5,142 | 5,501 | 7.0 | |||
State and local | 18,025 | 16,542 | 16,751 | 16,916 | 1.0 | |||
Total general government | 22,995 | 22,471 | 21,893 | 22,417 | 2.4 | |||
Public corporations | ||||||||
Commonwealth | 1,572 | 1,368 | 1,447 | 1,339 | -7.4 | |||
State and local | 4,192 | 4,246 | 4,240 | 4,290 | 1.2 | |||
Total public corporations | 5,764 | 5,614 | 5,687 | 5,629 | -1.0 | |||
Total public gross fixed capital formation | 28,760 | 28,085 | 27,580 | 28,046 | 1.7 | |||
Total public demand | 139,642 | 142,805 | 142,743 | 146,360 | 2.5 | |||
Memorandum item | ||||||||
Net purchases of second hand assets by public sector | 1,198 | 467 | 504 | 528 | np |
— nil or rounded to zero
np indicates this value not available for publication but included in totals where applicable, unless otherwise indicated
(a) See Explanatory Notes for the relationship between general government final consumption expenditure and GFS aggregates
(b) Reference year for chain volume measures in 2019-20 = 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 2020-21 annual GFS publication. This reclassification will be applied in quarterly GFS and the National Accounts from September quarter 2022. This will result in a reclassification of these payments to benefits to households in goods and services in GFS and National Accounts. Commonwealth and state government financial reporting will continue to separately recognise their funding contributions to non-government schools.
For more information refer to 2020-21 GFS annual revisions and changes.
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 over the preceding two years. 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 work with GFS data providers on all relevant policy and conceptual determinations.
This release previously used catalogue number 5519.0.55.001.