Government Finance Statistics statements

Table B1: Australian Government general government sector operating statement

1. The fiscal balance and net operating balance estimates in this table differ from those presented elsewhere in the MYEFO reflecting the treatment of the GST as an Australian Government tax.
2. The term fiscal balance is not used by the ABS.

Table B2: Australian Government general government sector balance sheet

1. Equity includes share holdings of the Future Fund.
2. The net worth estimates in this table differ from those presented elsewhere in the MYEFO reflecting the treatment of GST as an Australian Government tax.
3. Net worth is calculated as total assets minus total liabilities.
4. Net financial worth equals total financial assets minus total liabilities. That is, it excludes non‑financial assets.
5. Net debt equals the sum of deposits held, advances received, government securities, loans and other borrowing, minus the sum of cash and deposits, advances paid, and investments, loans and placements.
6. Includes the impact of the sale of the Government's holding in Telstra. The net debt estimate in 2007‑08 assumes that the Future Fund will increasingly be invested in equities, which are not included in the calculation of net debt.

Table B3: Australian Government general government sector cash flow statement^(a)

Table B3: Australian Government general government sector cash flow statement^(a)
(continued)

1. A positive number denotes a cash inflow; a negative sign denotes a cash outflow.
2. Includes GST cash receipts on an Australian Government tax basis, which is $47 million higher in 2007‑08 than GST cash receipts measured on a State tax basis (as shown in Appendix C, Note 16).
3. GST flows are excluded from these categories.
4. Includes GST cash payments on an Australian Government tax basis.
5. The acquisition of assets under finance leases decreases the surplus or increases the deficit. The disposal of assets previously held under finance leases increases the surplus or decreases the deficit.

Table B4: Australian Government general government sector statement of other economic flows
(reconciliation of net worth)

1. Adjustment to net worth arising mainly from a change in accounting policy for education grants.
2. Revaluations of equity reflects changes in the market valuation of investments. This line also reflects any equity revaluations at the point of disposal or sale.
3. Largely reflects revaluation of assets and liabilities.

Table B5: Australian Government public non‑financial corporations operating statement

1. The term fiscal balance is not used by the ABS.

Table B6: Australian Government public non‑financial corporations balance sheet

1. Includes the elimination of commercial taxation adjustments.
2. Net worth is calculated as total assets minus total liabilities minus shares and other contributed capital. A zero net worth is recorded as shares and contributed capital for the non‑financial corporations controlled by the Government are valued at net assets (a proxy for market value for unlisted companies).
3. Net financial worth equals total financial assets minus total liabilities minus shares and other contributed capital. That is, it excludes non‑financial assets.
4. Net debt equals the sum of deposits held, advances received and borrowing, minus the sum of cash and deposits, advances paid, and investments, loans and placements.

Table B7: Australian Government public non‑financial corporations cash flow statement^(a)

1. A positive number denotes a cash inflow; a negative sign denotes a cash outflow.
2. The acquisition of assets under finance leases decreases the surplus or increases the deficit. The disposal of assets previously held under finance leases increases the surplus or decreases the deficit.

Table B8: Australian Government total non‑financial public sector operating statement

1. The term fiscal balance is not used by the ABS.

Table B9: Australian Government total non‑financial public sector balance sheet

1. Net worth is calculated as total assets minus total liabilities minus shares and other contributed capital.
2. Net financial worth equals total financial assets minus total liabilities minus shares and other contributed capital. That is, it excludes non‑financial assets.
3. Net debt equals the sum of deposits held, advances received, government securities, loans and other borrowing, minus the sum of cash and deposits, advances paid, and investments, loans and placements.

Table B10: Australian Government total non‑financial public sector cash flow statement^(a)

1. A positive number denotes a cash inflow; a negative sign denotes a cash outflow.
2. GST flows are excluded from these categories.
3. The acquisition of assets under finance leases decreases the surplus or increases the deficit. The disposal of assets previously held under finance leases increases the surplus or decreases the deficit.

2007-08 Budget Documents

• Budget Overview
• Budget Speech
• Budget at a Glance

• Budget Paper No. 1
• Budget Paper No. 2
• Budget Paper No. 3
• Budget Paper No. 4

• Portfolio Budget Statements
• Appropriation Bills
• Ministerial Statements

• Mid-Year Economic and Fiscal Outlook
• Portfolio Additional Estimates Statements
• Final Budget Outcome

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