Appendix D: Historical Australian Government Data (Continued)
| Net worth(b) | Net financial worth(c) | ||||
|---|---|---|---|---|---|
$m |
Per cent of GDP |
$m |
Per cent of GDP |
||
| 1999-00 | -7,046 | -1.1 | -68,178 | -10.3 | |
| 2000-01 | -6,618 | -0.9 | -73,097 | -10.3 | |
| 2001-02 | -11,655 | -1.5 | -79,012 | -10.5 | |
| 2002-03 | -15,330 | -1.9 | -84,645 | -10.6 | |
| 2003-04 | -1,152 | -0.1 | -74,159 | -8.6 | |
| 2004-05 | 14,556 | 1.6 | -60,257 | -6.5 | |
| 2005-06 | 17,971 | 1.8 | -63,440 | -6.4 | |
| 2006-07 | 46,351 | 4.3 | -39,976 | -3.7 | |
| 2007-08 | 70,859 | 6.0 | -18,070 | -1.5 | |
| 2008-09 | 19,427 | 1.6 | -74,094 | -5.9 | |
| 2009-10 | -45,938 | -3.6 | -147,168 | -11.4 | |
| 2010-11 | -95,386 | -6.8 | -200,810 | -14.4 | |
| 2011-12 | -247,208 | -16.8 | -358,329 | -24.4 | |
| 2012-13(e) | -145,305 | -9.5 | -257,921 | -16.9 | |
| 2013-14(e) | -138,306 | -8.6 | -251,515 | -15.6 | |
| 2014-15(p) | -129,149 | -7.6 | -243,034 | -14.3 | |
| 2015-16(p) | -116,875 | -6.5 | -232,424 | -13.0 | |
(a) Data have been revised in the 2012‑13 MYEFO to improve accuracy and comparability through time.
(b) Net worth is equal to total assets less liabilities.
(c) Net financial worth is equal to financial assets less liabilities.
(e) Estimates.
(p) Projections.
| Taxation revenue | Non-taxation revenue | Total revenue | ||||||
|---|---|---|---|---|---|---|---|---|
$m |
Per cent of GDP |
$m |
Per cent of GDP |
$m |
Per cent of GDP |
|||
| 1999-00 | 153,408 | 23.2 | 13,896 | 2.1 | 167,304 | 25.3 | ||
| 2000-01 | 175,881 | 24.9 | 10,228 | 1.4 | 186,110 | 26.3 | ||
| 2001-02 | 178,210 | 23.6 | 12,278 | 1.6 | 190,488 | 25.2 | ||
| 2002-03 | 195,203 | 24.4 | 11,720 | 1.5 | 206,923 | 25.8 | ||
| 2003-04 | 209,959 | 24.4 | 12,209 | 1.4 | 222,168 | 25.8 | ||
| 2004-05 | 229,943 | 25.0 | 12,564 | 1.4 | 242,507 | 26.3 | ||
| 2005-06 | 245,716 | 24.7 | 15,522 | 1.6 | 261,238 | 26.3 | ||
| 2006-07 | 262,511 | 24.2 | 15,900 | 1.5 | 278,411 | 25.7 | ||
| 2007-08 | 286,229 | 24.3 | 17,500 | 1.5 | 303,729 | 25.8 | ||
| 2008-09 | 278,653 | 22.3 | 20,280 | 1.6 | 298,933 | 23.9 | ||
| 2009-10 | 268,000 | 20.7 | 24,767 | 1.9 | 292,767 | 22.6 | ||
| 2010-11 | 289,005 | 20.7 | 20,885 | 1.5 | 309,890 | 22.1 | ||
| 2011-12 | 316,779 | 21.6 | 21,330 | 1.5 | 338,109 | 23.0 | ||
| 2012-13(e) | 352,092 | 23.0 | 21,647 | 1.4 | 373,739 | 24.4 | ||
| 2013-14(e) | 382,023 | 23.7 | 21,138 | 1.3 | 403,161 | 25.0 | ||
| 2014-15(p) | 400,753 | 23.6 | 21,119 | 1.2 | 421,871 | 24.8 | ||
| 2015-16(p) | 424,408 | 23.7 | 22,030 | 1.2 | 446,438 | 24.9 | ||
(a) Data have been revised in the 2012‑13 MYEFO to improve accuracy and comparability through time.
(e) Estimates.
(p) Projections.
| Actual | Estimates | Projections | |||||
|---|---|---|---|---|---|---|---|
| 2011-12 $m |
2012-13 $m |
2013-14 $m |
2014-15 $m |
2015-16 $m |
|||
| Individuals' and other withholding taxes | |||||||
| Gross income tax withholding | 143,978 | 152,590 | 165,250 | 176,240 | 187,140 | ||
| Gross other individuals | 32,992 | 37,840 | 40,080 | 43,930 | 47,860 | ||
| less: Refunds | 25,537 | 26,500 | 26,700 | 28,800 | 30,700 | ||
| Total individuals' and other withholding taxation | 151,433 | 163,930 | 178,630 | 191,370 | 204,300 | ||
| Fringe benefits tax | 3,964 | 4,040 | 4,530 | 5,010 | 5,220 | ||
| Company tax | 66,726 | 72,982 | 80,459 | 80,320 | 83,426 | ||
| Superannuation funds | 7,852 | 8,250 | 9,290 | 11,310 | 13,310 | ||
| Resource rent taxes(a) | 1,293 | 5,580 | 6,560 | 5,650 | 6,660 | ||
| Income taxation revenue | 231,268 | 254,782 | 279,469 | 293,660 | 312,916 | ||
| Sales taxes | |||||||
| Goods and services tax | 48,849 | 50,790 | 53,730 | 56,590 | 59,430 | ||
| Wine equalisation tax | 716 | 720 | 730 | 770 | 820 | ||
| Luxury car tax | 440 | 450 | 460 | 480 | 520 | ||
| Total sales taxes | 50,004 | 51,960 | 54,920 | 57,840 | 60,770 | ||
| Excise duty | |||||||
| Petrol | 6,016 | 6,000 | 5,840 | 5,870 | 5,970 | ||
| Diesel | 8,203 | 8,700 | 9,120 | 9,330 | 9,530 | ||
| Beer | 1,932 | 2,070 | 2,140 | 2,270 | 2,400 | ||
| Tobacco | 5,449 | 5,200 | 4,710 | 4,770 | 4,890 | ||
| Other excisable products | 3,881 | 4,520 | 4,640 | 5,020 | 5,260 | ||
| Of which: Other excisable beverages(b) | 906 | 930 | 990 | 1,000 | 1,060 | ||
| Total excise duty revenue | 25,480 | 26,490 | 26,450 | 27,260 | 28,050 | ||
| Customs duty | |||||||
| Textiles, clothing and footwear | 655 | 700 | 720 | 580 | 620 | ||
| Passenger motor vehicles | 903 | 920 | 960 | 1,010 | 1,070 | ||
| Excise-like goods | 4,307 | 4,850 | 5,850 | 5,970 | 6,180 | ||
| Other imports | 1,441 | 1,540 | 1,680 | 1,780 | 1,910 | ||
| less: Refunds and drawbacks | 202 | 180 | 180 | 180 | 180 | ||
| Total customs duty revenue | 7,105 | 7,830 | 9,030 | 9,160 | 9,600 | ||
| Carbon pricing mechanism | - | 7,690 | 8,685 | 9,275 | 9,400 | ||
| Other indirect taxation | |||||||
| Agricultural levies | 421 | 440 | 436 | 443 | 449 | ||
| Other taxes | 2,501 | 2,900 | 3,033 | 3,114 | 3,223 | ||
| Total other indirect taxation revenue | 2,922 | 3,339 | 3,470 | 3,558 | 3,672 | ||
| Indirect taxation revenue | 85,511 | 97,309 | 102,555 | 107,093 | 111,492 | ||
| Taxation revenue | 316,779 | 352,092 | 382,023 | 400,753 | 424,408 | ||
| Sales of goods and services | 8,106 | 8,594 | 8,791 | 8,629 | 9,006 | ||
| Interest | 4,617 | 4,465 | 4,628 | 4,608 | 4,864 | ||
| Dividends | 2,662 | 2,479 | 1,950 | 2,108 | 2,244 | ||
| Other non-taxation revenue | 5,945 | 6,109 | 5,769 | 5,773 | 5,916 | ||
| Non-taxation revenue(c) | 21,330 | 21,647 | 21,138 | 21,119 | 22,030 | ||
| Total revenue(c) | 338,109 | 373,739 | 403,161 | 421,871 | 446,438 | ||
| Memorandum: | |||||||
| Capital gains tax(d) | 6,400 | 8,400 | 11,000 | 13,800 | 16,100 | ||
| Medicare levy revenue | 9,119 | 9,700 | 10,390 | 11,010 | 11,580 | ||
(a) Resource rent taxes include PRRT and gross revenue from the MRRT. Net revenue from the MRRT is expected to be $2.0 billion in 2012‑13, $2.4 billion in 2013‑14, $2.1 billion in 2014‑15 and $2.6 billion in 2015‑16, which represent the net impact on revenue across several different heads of revenue. These include the offsetting reductions in company tax (through deductibility) and interactions with other taxes.
(b) Other excisable beverages are those not exceeding 10 per cent by volume of alcohol (excluding beer, brandy and wine).
(c) Includes expected Future Fund earnings.
(d) Capital gains tax is part of other individuals, companies and superannuation funds tax. The 2011‑12 reported figure is an estimate.
| General government | Public non-financial corporations | Non-financial public sector | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
Receipts(b) |
Payments(c) |
Underlying cash balance(d) |
Receipts(b) |
Payments(c) |
Cash surplus(d) |
Receipts(b) |
Payments(c) |
Underlying cash balance(d) | |||
| 1988-89 | 90,748 | 85,326 | 5,421 | 4,177 | 6,035 | 257 | 93,923 | 90,312 | 5,678 | ||
| 1989-90 | 98,625 | 92,684 | 5,942 | 3,926 | 11,322 | -5,261 | 101,495 | 102,883 | 681 | ||
| 1990-91 | 100,227 | 100,665 | -438 | 4,804 | 9,351 | -2,139 | 103,837 | 108,808 | -2,577 | ||
| 1991-92 | 95,840 | 108,472 | -12,631 | 3,899 | 7,713 | 101 | 97,937 | 114,369 | -12,530 | ||
| 1992-93 | 97,633 | 115,751 | -18,118 | 4,385 | 7,819 | -196 | 100,512 | 122,042 | -18,314 | ||
| 1993-94 | 103,824 | 122,009 | -18,185 | 5,178 | 6,476 | 1,482 | 106,747 | 126,214 | -16,703 | ||
| 1994-95 | 113,458 | 127,619 | -14,160 | 5,262 | 7,318 | 1,956 | 116,751 | 132,965 | -12,204 | ||
| 1995-96 | 124,429 | 135,538 | -11,109 | 4,927 | 8,190 | -527 | 126,593 | 140,963 | -11,636 | ||
| 1996-97 | 133,592 | 139,689 | -6,099 | 4,782 | 7,373 | 473 | 135,259 | 143,948 | -5,626 | ||
| 1997-98 | 140,736 | 140,587 | 149 | 6,238 | 7,923 | 1,119 | 144,517 | 145,985 | 1,268 | ||
| 1998-99 | 152,063 | 148,175 | 3,889 | na | na | -353 | na | na | 3,536 | ||
| 1999-00 | 166,199 | 153,192 | 13,007 | na | na | -2,594 | na | na | 10,413 | ||
| 2000-01 | 182,996 | 177,123 | 5,872 | na | na | 391 | na | na | 6,264 | ||
| 2001-02 | 187,588 | 188,655 | -1,067 | na | na | 1,210 | na | na | 143 | ||
| 2002-03 | 204,613 | 197,243 | 7,370 | 27,386 | 26,105 | 1,280 | na | na | 8,650 | ||
| 2003-04 | 217,775 | 209,785 | 7,990 | 27,718 | 26,142 | 1,575 | 238,236 | 227,099 | 9,564 | ||
| 2004-05 | 235,984 | 222,407 | 13,577 | 29,621 | 28,071 | 1,550 | 257,946 | 241,577 | 15,128 | ||
| 2005-06 | 255,943 | 240,136 | 15,757 | 30,875 | 31,874 | -999 | 278,254 | 263,445 | 14,759 | ||
| 2006-07 | 272,637 | 253,321 | 17,190 | 16,882 | 18,641 | -1,759 | 285,336 | 267,778 | 15,431 | ||
| 2007-08 | 294,917 | 271,843 | 19,754 | 7,758 | 8,232 | -473 | 300,503 | 277,903 | 19,281 | ||
| 2008-09 | 292,600 | 316,046 | -27,013 | 7,987 | 8,960 | -973 | 297,421 | 321,841 | -27,986 | ||
| 2009-10 | 284,662 | 336,900 | -54,494 | 8,419 | 9,341 | -922 | 290,681 | 343,841 | -55,416 | ||
| 2010-11 | 302,024 | 346,102 | -47,463 | 8,558 | 9,733 | -1,175 | 308,258 | 353,511 | -48,638 | ||
| 2011-12 | 329,874 | 371,032 | -43,360 | 8,845 | 10,847 | -2,002 | 336,122 | 379,282 | -45,362 | ||
| 2012-13(e) | 367,041 | 363,246 | 1,077 | 9,260 | 14,278 | -5,018 | 373,795 | 375,018 | -1,223 | ||
| 2013-14(e) | 392,595 | 387,760 | 2,165 | na | na | na | na | na | na | ||
| 2014-15(p) | 410,042 | 403,890 | 3,325 | na | na | na | na | na | na | ||
| 2015-16(p) | 434,625 | 425,196 | 6,408 | na | na | na | na | na | na | ||
(a) Data have been revised in the 2012‑13 MYEFO to improve accuracy and comparability through time.
(b) Receipts are equal to receipts from operating activities and sales of non‑financial assets.
(c) Payments are equal to payments for operating activities, purchases of non‑financial assets and net acquisition of assets under finance leases.
(d) These items exclude net Future Fund earnings from 2005‑06 onwards. Net Future Fund earnings are shown in Table D1.
(e) Estimates.
(p) Projections.
na Data not available.
| General government | Public non-financial corporations | Non-financial public sector | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue |
Expenses |
Fiscal balance(b) |
Revenue |
Expenses |
Fiscal balance(b) |
Revenue |
Expenses |
Fiscal balance(b) |
|||
| 1996-97 | 141,688 | 145,821 | -4,223 | 27,431 | 26,015 | -331 | na | na | -4,554 | ||
| 1997-98 | 146,820 | 148,652 | -1,979 | 29,618 | 26,999 | 2,360 | na | na | 387 | ||
| 1998-99 | 152,106 | 146,772 | 3,901 | 27,687 | 26,088 | -816 | 175,891 | 168,963 | 3,080 | ||
| 1999-00 | 167,304 | 155,558 | 11,815 | 25,485 | 23,542 | 1,062 | 188,841 | 173,889 | 12,983 | ||
| 2000-01 | 186,110 | 180,094 | 6,007 | 25,869 | 24,762 | -826 | 207,372 | 200,184 | 5,248 | ||
| 2001-02 | 190,488 | 193,041 | -2,935 | 26,638 | 25,341 | 793 | 212,518 | 213,693 | -2,060 | ||
| 2002-03 | 206,923 | 201,259 | 5,377 | 24,339 | 22,916 | 1,975 | 226,135 | 219,129 | 7,314 | ||
| 2003-04 | 222,168 | 215,361 | 6,148 | 25,449 | 23,444 | 2,143 | 241,873 | 233,077 | 8,275 | ||
| 2004-05 | 242,507 | 229,245 | 12,228 | 26,965 | 25,191 | 1,473 | 263,587 | 248,549 | 13,703 | ||
| 2005-06 | 261,238 | 242,173 | 16,568 | 28,143 | 29,531 | -2,442 | 282,597 | 264,923 | 14,121 | ||
| 2006-07 | 278,411 | 259,156 | 16,922 | 15,443 | 16,360 | -1,763 | 290,067 | 271,735 | 15,153 | ||
| 2007-08 | 303,729 | 280,107 | 21,029 | 6,854 | 6,686 | -584 | 309,215 | 285,426 | 20,443 | ||
| 2008-09 | 298,933 | 324,557 | -29,688 | 6,998 | 7,576 | -1,495 | 303,733 | 329,948 | -31,195 | ||
| 2009-10 | 292,767 | 340,035 | -53,701 | 7,288 | 7,297 | -1,079 | 298,412 | 344,893 | -53,985 | ||
| 2010-11 | 309,890 | 356,100 | -51,506 | 7,563 | 7,787 | -1,446 | 315,688 | 362,122 | -52,952 | ||
| 2011-12 | 338,109 | 377,739 | -44,481 | 8,046 | 8,238 | -2,158 | 344,507 | 384,329 | -46,639 | ||
| 2012-13(e) | 373,739 | 375,049 | 1,207 | 8,006 | 9,078 | -5,159 | 380,225 | 382,607 | -3,953 | ||
| 2013-14(e) | 403,161 | 397,854 | 4,275 | na | na | na | na | na | na | ||
| 2014-15(p) | 421,871 | 413,704 | 6,923 | na | na | na | na | na | na | ||
| 2015-16(p) | 446,438 | 435,811 | 9,762 | na | na | na | na | na | na | ||
(a) Data have been revised in the 2012‑13 MYEFO to improve accuracy and comparability through time.
(f) Fiscal balance is equal to revenue less expenses less net capital investment. Net capital investment is not shown in this table.
(e) Estimates.
(p) Projections.
na Data not available.
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