Statement 10:
Historical Australian Government Data
(Continued)
Revisions to previously published data
Under the accrual GFS framework and generally under AAS, flows are recorded in the period in which they occurred. As a result, prior period outcomes may be revised for classification changes relating to information that could reasonably have been expected to be known in the past, is material in at least one of the affected periods, and can be reliably assigned to the relevant period(s).
Revisions since the 2009‑10 MYEFO
No changes to the measurement of historical series data have been made since the 2009‑10 MYEFO.
Deflating real spending growth by the consumer price index
The 2010‑11 Budget, including the historical series, calculates real spending growth using the Consumer Price Index (CPI) as the deflator. Prior to the 2008‑09 Budget the non‑farm GDP deflator (NFGDP) was used and has therefore been shown in this statement for comparative purposes. The change from using the non‑farm GDP deflator to the CPI provides a more accurate depiction of real government spending growth.
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