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Government Finance Statistics, Australia

Statistics about finances of the general government and public non-financial corporations sectors for the various levels of government in Australia

Reference period
September 2019
Released
3/12/2019

Key statistics

  • Taxation revenue decreased 16.5% from $153,819m to $128,477m.
  • General government sector revenue had a net operating balance of -$13,469m.
  • The GFS net lending(+)/borrowing(-) position was -$19,452m.
  • General government final consumption expenditure increased by $817m or 0.9%.

Main features

Key figures: all levels of general government, Government Finance Statistics (GFS)

In the September quarter 2019:

  • taxation revenue decreased 16.5% to $128,477m
  • expenses exceeded revenue resulting in a net operating balance of -$13,469m
  • the GFS net lending(+)/borrowing(-) position was -$19,452m.
     
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   Jun Qtr 2019Sep Qtr 2019Jun Qtr 2019 to Sep Qtr 2019
   $m$m% change
Current Prices   
Taxation revenue   
 General government153 819128 477–16.5
Total revenue   
 General government191 866163 751–14.7
 Public non-financial corporations22 34321 808–2.4
Total expenses   
 General government175 640177 2210.9
 Public non-financial corporations25 37223 970–5.5
GFS Net operating balance   
 General government16 226–13 469. .
 Public non-financial corporations–3 029–2 163. .
GFS Net lending(+)/borrowing(-)   
 General government1 210–19 452. .
 Public non-financial corporations–6 086–4 092. .

. . not applicable
 

Table 1: GFS key figures: all levels of government, original

Quarterly national accounts public sector measures - key figures

The table below includes the key public sector aggregates for the September quarter 2019 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 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.

In seasonally adjusted chain volume terms compared with the previous quarter:

  • general government final consumption expenditure increased by $817m or 0.9%, and is expected to contribute 0.2 percentage points to growth in the September quarter 2019 volume measure of GDP
  • general government gross fixed capital formation increased by $167m or 0.9%
  • public corporations gross fixed capital formation increased by $294m or 5.4%
  • public gross fixed capital formation increased by $459m or 1.9%, and is expected to contribute 0.1 percentage points to growth in the September quarter 2019 volume measure of GDP.
     
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   Dec Qtr 2018Mar Qtr 2019Jun Qtr 2019Sep Qtr 2019Jun Qtr 2019 to Sep Qtr 2019
   $m$m$m$m% change
Current Prices     
General government final consumption expenditure (a)     
 National - defence8 1988 0428 3838 7704.6
 National - non-defence30 12230 46931 84832 5112.1
 Total national38 32038 51140 23041 2802.6
 State and local53 22653 84255 19455 3890.4
 Total general government final consumption expenditure91 54692 35395 42596 6691.3
Public gross fixed capital formation     
 General government     
  National - defence2 3302 3162 8163 0719.1
  National - non-defence2 4162 3462 2442 2992.5
  Total national4 7464 6625 0605 3706.1
  State and local13 65813 92713 96513 909–0.4
  Total general government18 40418 58919 02519 2791.3
 Public corporations     
  Commonwealth1 9942 0892 0902 1402.4
  State and local3 9153 7943 5313 8128.0
  Total public corporations5 9085 8835 6215 9525.9
 Total public gross fixed capital formation24 31224 47224 64625 2312.4
Memorandum item     
 Net purchases of second-hand assets by public sector342447824403np
Chain Volume (b)     
General government final consumption expenditure (a)     
 National - defence7 9827 8118 0958 4133.9
 National - non-defence29 73830 30331 28931 8581.8
 Total national37 72038 11339 38440 2722.3
 State and local51 86552 32853 35253 281–0.1
 Total general government final consumption expenditure89 58590 44192 73693 5530.9
Public gross fixed capital formation     
 General government     
  National - defence2 2002 1712 5952 7787.0
  National - non-defence2 3992 3342 2292 2942.9
  Total national4 5994 5054 8245 0725.1
  State and local13 22213 46713 43813 357–0.6
  Total general government17 82217 97318 26218 4290.9
 Public corporations     
  Commonwealth1 9512 0372 0322 0701.9
  State and local3 8023 6573 3753 6307.6
  Total public corporations5 7545 6955 4075 7015.4
 Total public gross fixed capital formation23 57523 66723 67024 1291.9
Memorandum item     
 Net purchases of second-hand assets by public sector334433788387np

np not available for publication but included in totals where applicable, unless otherwise indicated
a. See paragraph 35 of the Methodology for the relationship between general government final consumption expenditure and GFS aggregates.
b. Reference year for chain volume measures is 2017-18.
 

Table 2: Quarterly national accounts public sector measures - key figures, seasonally adjusted

Quarters presented in this release

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

Detailed 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 the annual publication Government Finance Statistics, Australia (cat. no. 5512.0). The latest issue (2017-18) was released on 29 April 2019.

Government Finance Statistics are part of the broader suite of macroeconomic accounts produced by the ABS. They share their basic concepts with the National Accounts and Balance of Payments. The conceptual framework is agreed internationally and published by the International Monetary Fund. Macroeconomic statistics are compiled to enable macroeconomic analysis and the standards may differ from accounting standards in some regards.
 

Accounting standard changes

The following Australian Accounting Standards Board (AASB) standard changes have been introduced in government financial reporting for periods from 1 July 2019 onwards, leading to increased divergence in certain circumstances between economic statistics publications and government financial reporting:

  • Leases (AASB 16): The standard removes the distinction between operating and finance leases on the lessee side of financial reporting. The conceptual distinction between operating and finance leases still remains in economic statistics. GFS outputs are consistent with the historical treatment.
  • Revenue recognition (AASB 15 & 1058): The standard requires revenue to be recognised when performance obligations are met in certain circumstances. In GFS the change primarily affects grant revenue received by state and territory governments from the Commonwealth. Recognition of grant revenue in GFS remains consistent with the historical treatment which is based on when jurisdictions have access to the funding as reported by the Commonwealth.
  • Service Concession Arrangements (AASB 1059): The standard impacts ownership of non-financial assets. It applies a control concept to determine non-financial asset ownership. Non-financial asset ownership in GFS is determined based off a risk-reward concept consistent with the historical treatment which has been maintained in economic statistics.
     

Transactions related to visa application charges

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 the Government Finance Statistics (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.
 

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).

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.

Data downloads

Table 1 - Government Finance Statistics, Australia