Government Finance Statistics, Australia

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

Reference period
June 2023
Released
5/09/2023

Key statistics

In June quarter 2023:

  • general government net operating balance rose $25.8b to $32.5b
  • taxation revenue rose 23.7% to $224.0b
  • general government lending was $9.7b
  • total public demand is expected to contribute 0.5 ppt to the quarterly change in GDP

Unless indicated, all Government Finance Statistics figures presented in this publication are current prices, original series.

Included in this publication is an Insights into Government Finance Statistics, June 2023, which examines the key stories and economic narratives of the June quarter 2023 Government Finance Statistics data.

Government finance statistics measures

Government finance statistics measures
 Sep Qtr 2022Dec Qtr 2022Mar Qtr 2023Jun Qtr 2023Mar Qtr 2023 to
Jun Qtr 2023
$m$m$m$m% change
Taxation revenue
 General government160,803189,366181,039223,96323.7%
Total revenue
 General government200,683229,223223,708266,43619.1%
 Public non-financial corporations26,66325,18427,36228,3433.6%
Total expenses
 General government215,371217,399217,060233,9837.8%
 Public non-financial corporations27,48125,55426,15128,5699.2%
GFS Net Operating Balance
 General government-14,68711,8246,64732,453np
 Public non-financial corporations-818-3701,211-226np
GFS Net Lending (+)/Borrowing (-)
 General government-25,532-1,455-5,4709,663np
 Public non-financial corporations-2,620-4,839-2,222-5,707np

np indicates this value not available for publication but included in totals where applicable, unless otherwise indicated

National accounts public sector measures

The table below includes the key public sector aggregates for June quarter 2023 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 (a):

  • public sector demand is expected to contribute 0.5 percentage points to the change in GDP in June quarter 2023
  • general government final consumption expenditure rose $442m (up 0.4%) and is expected to contribute 0.1 percentage points to the change in GDP in June quarter 2023
  • general government gross fixed capital formation rose $1,805m (up 8.3%)
  • public corporations gross fixed capital formation rose $575m (up 8.0%)
  • total public gross fixed capital formation rose $2,378m (up 8.2%) and is expected to contribute 0.4 percentage points to the change in GDP in June quarter 2023
  1. Contributions may not be additive due to rounding
Quarterly national accounts public sector measures, seasonally adjusted
   Sep Qtr 2022Dec Qtr 2022Mar Qtr 2023Jun Qtr 2023Mar Qtr 2023
to
Jun Qtr 2023
   $m$m$m$m% change
CURRENT PRICES
General government final consumption expenditure (b)
 National-defence11,54711,53611,60511,6980.8
 National-non-defence49,44751,06052,48753,5061.9
 Total national60,99462,59664,09365,2041.7
 State and local70,66070,46871,04871,6780.9
 Total general government final consumption expenditure131,654133,065135,140136,8811.3
Public gross fixed capital formation
 General government
  National-defence2,9162,7682,7533,28219.2
  National-non-defence2,5762,5772,5912,6361.7
  Total national5,4925,3455,3445,91810.7
  State and local18,04418,20019,21921,13210.0
  Total general government23,53623,54624,56327,05010.1
 Public corporations
  Commonwealth1,9082,1262,0512,31813.0
  State and local5,2915,5905,9966,4587.7
  Total public corporations7,1997,7168,0478,7769.1
 Total public gross fixed capital formation30,73531,26232,61035,8269.9
Total public demand162,389164,326167,751172,7073.0
Memorandum item
 Net purchases of second hand assets by public sector5504945361,471np
 Public authorities changes in inventories (c)-4761,610817183np
 
CHAIN VOLUME (d)
General government final consumption expenditure
 National-defence10,75410,64510,60810,6410.3
 National-non-defence47,96749,12849,59250,1631.2
 Total national58,72159,77360,20060,8041.0
 State and local66,42666,22065,97165,810-0.2
 Total general government final consumption expenditure125,147125,992126,171126,6130.4
Public gross fixed capital formation
 General government
  National-defence2,6542,4252,4272,82016.2
  National-non-defence2,3832,3332,3702,354-0.7
  Total national5,0374,7584,7975,1747.9
  State and local16,52616,26116,99418,4218.4
  Total general government21,56221,01921,79123,5968.3
 Public corporations
  Commonwealth1,7351,9121,8432,05811.7
  State and local4,7914,9885,3105,6696.8
  Total public corporations6,5266,9007,1537,7288.0
 Total public gross fixed capital formation28,08827,91928,94531,3238.2
Total public demand153,235153,911155,116157,9371.8
Memorandum item
 Net purchases of second hand assets by public sector4874294581,251np
 Public authorities changes in inventories (c)-1611,134253672np

— nil or rounded to zero
np indicates this value not available for publication but included in totals where applicable, unless otherwise indicated

  1. See Explanatory Notes for the relationship between general government final consumption expenditure and GFS aggregates
  2. Includes general government, public non-financial corporations, and public financial corporations
  3. Reference year for chain volume measures in 2020-21 = 100.0

Public demand contribution to GDP growth

  1. Chain volume measures seasonally adjusted
  2. using the GDP series as published in the March 2023 release of Australian National Accounts: National Income, Expenditure and Product

Revisions and changes

Revisions

Upcoming Victorian Capital Asset Charge historical revision

Upcoming AUSTRAC Industry Contribution Levy historical revision

Divergences with government fiscal reporting

Previous catalogue number

Data downloads

Government Finance Statistics, Australia

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