CHAPTER 9
GGS HARMONISED FINANCIAL STATEMENTS
Chapter / Page9.1GFS/GAAP harmonised financial statements / 303
2017-18 Budget Paper No.31GGS harmonised financial statements
9.1GFS/GAAP HARMONISED FINANCIAL STATEMENTS
Table 9.1
Australian Capital Territory
General Government Sector
Operating Statement
2016-17 / 2016-17 / 2017-18 / Cell l / 2018-19 / 2019-20 / 2020-21Budget / Est. Outcome / Budget / Var / Estimate / Estimate / Estimate
$’000 / $’000 / $’000 / % / $’000 / $’000 / $’000
Revenue
1,633,960 / Taxation Revenue / 1,676,673 / 1,752,032 / 4 / 1,887,304 / 1,990,347 / 2,099,964
Grants Revenue
2,087,251 / Commonwealth Grants / 2,050,968 / 2,176,485 / 6 / 2,230,022 / 2,280,200 / 2,365,659
155,806 / Gains from Contributed Assets / 161,915 / 157,868 / -2 / 235,987 / 263,610 / 303,223
479,416 / Sales of Goods and Services / 492,229 / 520,623 / 6 / 535,008 / 547,609 / 560,129
116,210 / Interest Income / 124,521 / 125,124 / .. / 112,053 / 119,268 / 115,406
36,391 / Distributions from Financial Investments / 34,738 / 36,851 / 6 / 45,265 / 48,089 / 51,568
405,808 / Dividend and Income Tax Equivalents Income / 472,182 / 407,963 / -14 / 343,243 / 403,577 / 391,773
143,342 / Other Revenue / 152,610 / 164,493 / 8 / 149,823 / 147,662 / 152,615
5,058,184 / Total Revenue / 5,165,836 / 5,341,439 / 3 / 5,538,705 / 5,800,362 / 6,040,337
Expenses
1,892,025 / Employee Expenses / 1,899,771 / 1,963,198 / 3 / 1,983,439 / 2,017,794 / 2,051,128
Superannuation Expenses
315,534 / Superannuation Interest Cost / 293,498 / 367,684 / 25 / 381,208 / 394,123 / 406,389
417,211 / Other Superannuation Expense / 452,855 / 286,781 / -37 / 281,285 / 275,815 / 274,554
372,680 / Depreciation and Amortisation / 368,160 / 379,602 / 3 / 414,180 / 434,792 / 430,502
187,445 / Interest Expense / 183,499 / 200,728 / 9 / 211,536 / 234,549 / 230,082
Other Operating Expenses
1,028,169 / Supplies and Services / 980,371 / 1,096,814 / 12 / 1,103,701 / 1,159,958 / 1,268,546
191,697 / Other Operating Expenses / 174,332 / 209,355 / 20 / 216,962 / 225,047 / 239,200
998,988 / Grants and Purchased Services / 1,058,093 / 1,092,208 / 3 / 1,116,870 / 1,222,940 / 1,283,178
5,403,749 / Total Expenses / 5,410,579 / 5,596,370 / 3 / 5,709,181 / 5,965,018 / 6,183,579
-345,565 / UPF Net Operating Balance / -244,743 / -254,931 / 4 / -170,476 / -164,656 / -143,242
Other Economic Flows – Included in the Operating Result
62,014 / Dividends (Market Gains on Land Sales) / 49,395 / 86,755 / 76 / 74,609 / 11,817 / 34,554
94,092 / Net Land Revenue (Undeveloped Land Value) / 112,559 / 68,695 / -39 / 59,548 / 40,281 / 35,246
-1,513 / Net Gain/(Loss) on Sale/(Disposal) of NonFinancial Assets / 27,581 / -2,529 / -109 / -3,469 / -4,439 / -5,458
163,566 / Net Gain/(Loss) on Financial Assets or Liabilities at Fair Value / 225,930 / 171,522 / -24 / 180,269 / 192,584 / 206,514
Table 9.1 (cont.)
Australian Capital Territory
General Government Sector
Operating Statement
2016-17 / 2016-17 / 2017-18 / l / 2018-19 / 2019-20 / 2020-21Budget / Est. Outcome / Budget / Var / Estimate / Estimate / Estimate
$’000 / $’000 / $’000 / % / $’000 / $’000 / $’000
-6,887 / Doubtful Debts / -6,880 / -7,018 / 2 / -7,139 / -7,259 / -7,400
-34,293 / Operating Result / 163,842 / 62,494 / -62 / 133,342 / 68,328 / 120,214
Other Economic Flows – Other Comprehensive Income
Items that will not be Subsequently Reclassified to Profit or Loss
-21,855 / Payments to ACT Government Agencies / -25,867 / -36,370 / 41 / -41,930 / -19,888 / -5,000
89,667 / Capital Distributions / 83,671 / 50,849 / -39 / 136,995 / - / -
-236,400 / Transfer of Assets to the PTE Sector / -197,934 / -164,956 / -17 / -165,389 / - / -
3,815,947 / Superannuation Actuarial Gain/(Loss) / 4,959,486 / - / -100 / - / - / -
- / Prior year adjustment / 2,154 / 46 / -98 / 178 / 169 / 169
889 / Other Movements / -1,202 / -521 / -57 / 2,010 / -3,142 / -4,120
17,993 / Increase/(Decrease) in the Asset Revaluation Surplus / 100,932 / 136,624 / 35 / 17,266 / 5,715 / 5,715
Items that may be Subsequently Reclassified to Profit or Loss / Empty
247,651 / Increase/(Decrease) in Net Assets of Public Trading Entities / 207,410 / 253,158 / 22 / 83,890 / 124,953 / 116,306
3,879,599 / Total Comprehensive Income / 5,292,492 / 301,324 / -94 / 166,362 / 176,135 / 233,284
Key Fiscal Aggregates
-345,565 / UPF Net Operating Balance / -244,743 / -254,931 / 4 / -170,476 / -164,656 / -143,242
less Net Acquisition of NonFinancial Assets
934,387 / Payments for Non-Financial Assets / 844,694 / 900,010 / 7 / 694,396 / 657,194 / 608,661
-299,893 / Sales of Non-Financial Assets / -314,280 / -330,092 / 5 / -196,516 / -118,484 / -151,837
-51,312 / Land Revenue (Net Cash Receipts) / -43,632 / -15,806 / -64 / -34,705 / -40,548 / -51,375
-372,680 / Depreciation and Amortisation / -368,160 / -379,602 / 3 / -414,180 / -434,792 / -430,502
155,410 / Other Movements in NonFinancial Assets / 116,719 / 120,177 / 3 / 158,591 / 128,506 / 130,118
365,912 / Total Net Acquisition of NonFinancial Assets / 235,341 / 294,687 / 25 / 207,586 / 191,876 / 105,065
-711,477 / Net Lending/(Borrowing) / -480,084 / -549,618 / 14 / -378,062 / -356,532 / -248,307
Table 9.1 (cont.)
Australian Capital Territory
General Government Sector
Operating Statement
2016-17 / 2016-17 / 2017-18 / l / 2018-19 / 2019-20 / 2020-21Budget / Est. Outcome / Budget / Var / Estimate / Estimate / Estimate
$’000 / $’000 / $’000 / % / $’000 / $’000 / $’000
GOVERNMENT FISCAL MEASURE – BUDGET OPERATING SURPLUS/DEFICIT
-345,565 / UPF Net Operating Balance / -244,743 / -254,931 / 4 / -170,476 / -164,656 / -143,242
163,566 / Superannuation Return Adjustment / 170,812 / 171,522 / .. / 180,269 / 192,584 / 206,514
-181,999 / HEADLINE NET OPERATING BALANCE / -73,931 / -83,409 / 13 / 9,793 / 27,928 / 63,272
Table 9.2
Australian Capital Territory
General Government Sector
Balance Sheet
2016-17 / 2016-17 / 2017-18 / l / 2018-19 / 2019-20 / 2020-21Budget / Est. Outcome / Budget / Var / Estimate / Estimate / Estimate
$’000 / $’000 / $’000 / % / $’000 / $’000 / $’000
Financial Assets
326,812 / Cash and Deposits / 291,859 / 308,172 / 6 / 314,709 / 322,597 / 329,641
1,717,094 / Advances Paid / 1,657,107 / 1,748,191 / 5 / 1,801,753 / 1,852,377 / 1,903,354
4,196,927 / Investments and Loans / 4,609,286 / 4,533,357 / -2 / 4,762,627 / 5,114,136 / 5,448,719
637,412 / Receivables / 703,333 / 678,565 / -4 / 748,786 / 682,525 / 537,915
6,443,155 / Equity - Investments in Other Public Sector Entities / 6,519,174 / 6,772,332 / 4 / 6,856,222 / 6,981,175 / 7,097,481
13,321,400 / Total Financial Assets / 13,780,759 / 14,040,617 / 2 / 14,484,097 / 14,952,810 / 15,317,110
Non-Financial Assets
Produced Assets
11,610,181 / Property, Plant and Equipment / 11,763,244 / 12,315,728 / 5 / 13,291,048 / 13,657,888 / 13,852,830
2,600 / Investment Properties / 5,410 / 5,410 / - / 5,410 / 5,410 / 5,410
98,998 / Intangibles / 116,821 / 224,507 / 92 / 299,349 / 341,923 / 338,379
15,734 / Inventories / 17,868 / 18,515 / 4 / 18,705 / 18,895 / 19,085
50 / Assets Held for Sale / 126,115 / 81,115 / -36 / 7,759 / 21,204 / 1
973,167 / Capital Works-in-Progress / 860,223 / 695,676 / -19 / 566,600 / 369,680 / 339,862
Non-Produced Assets
3,164,004 / Property, Plant and Equipment / 2,885,416 / 2,965,828 / 3 / 2,975,268 / 2,979,535 / 2,990,801
262,332 / Loose-fill Asbestos Insulation Eradication Scheme Land / 148,914 / 3,778 / -97 / 1,372 / - / -
26,514 / Biological Assets / 26,514 / 26,514 / - / 26,514 / 26,514 / 26,514
2 / Other Non-Financial Assets / - / - / - / - / - / -
16,153,582 / Total Non-Financial Assets / 15,950,525 / 16,337,071 / 2 / 17,192,025 / 17,421,049 / 17,572,882
29,474,982 / Total Assets / 29,731,284 / 30,377,688 / 2 / 31,676,122 / 32,373,859 / 32,889,992
Liabilities
17,195 / Deposits Held / - / - / - / - / - / -
1,071,835 / Advances Received / 1,071,835 / 1,017,833 / -5 / 963,676 / 909,357 / 804,868
Borrowings
3,292 / Finance Leases / 3,465 / 110,964 / # / 490,213 / 478,024 / 463,058
3,606,518 / Other Borrowings / 3,539,733 / 3,584,532 / 1 / 4,093,063 / 4,393,824 / 4,550,068
6,253,375 / Superannuation / 6,130,056 / 6,369,460 / 4 / 6,599,182 / 6,817,547 / 7,024,757
633,714 / Employee Benefits / 650,022 / 678,692 / 4 / 706,329 / 734,014 / 763,838
343,285 / Other Provisions / 185,671 / 136,310 / -27 / 147,754 / 158,140 / 130,202
440,711 / Payables / 430,616 / 459,449 / 7 / 489,927 / 521,678 / 559,592
4,826 / Other Liabilities / 18,918 / 18,156 / -4 / 17,325 / 16,488 / 15,539
12,374,751 / Total Liabilities / 12,030,316 / 12,375,396 / 3 / 13,507,469 / 14,029,072 / 14,311,922
17,100,231 / Net Assets / 17,700,968 / 18,002,292 / 2 / 18,168,653 / 18,344,787 / 18,578,070
Table 9.2 (cont.)
Australian Capital Territory
General Government Sector
Balance Sheet
2016-17 / 2016-17 / 2017-18 / l / 2018-19 / 2019-20 / 2020-21Budget / Est. Outcome / Budget / Var / Estimate / Estimate / Estimate
$’000 / $’000 / $’000 / % / $’000 / $’000 / $’000
6,443,155 / Equity in Public Trading Entities / 6,519,174 / 6,772,332 / 4 / 6,856,222 / 6,981,175 / 7,097,481
5,289,758 / Accumulated Funds / 5,691,835 / 5,603,377 / -2 / 5,668,582 / 5,714,048 / 5,825,310
5,366,818 / Asset Revaluation Surplus / 5,489,159 / 5,625,783 / 2 / 5,643,049 / 5,648,764 / 5,654,479
500 / Other Reserves / 800 / 800 / - / 800 / 800 / 800
17,100,231 / Net Worth / 17,700,968 / 18,002,292 / 2 / 18,168,653 / 18,344,787 / 18,578,070
946,649 / Net Financial Worth / 1,750,443 / 1,665,221 / -5 / 976,628 / 923,738 / 1,005,188
5,496,506 / Net Financial Liabilities / 4,768,731 / 5,107,111 / 7 / 5,879,594 / 6,057,437 / 6,092,293
-1,541,993 / Net Debt (including Superannuation Related Investments) / -1,943,219 / -1,876,391 / -3 / -1,332,137 / -1,507,905 / -1,863,720
2,080,158 / Net Debt (excluding Superannuation Related Investments) / 1,746,497 / 2,001,138 / 15 / 2,746,905 / 2,866,140 / 2,826,928
Table 9.3
Australian Capital Territory
General Government Sector
Statement of changes in equity
2016-17 / 2016-17 / 2017-18 / l / 2018-19 / 2019-20 / 2020-21Budget / Est. Outcome / Budget / Var / Estimate / Estimate / Estimate
$’000 / $’000 / $’000 / % / $’000 / $’000 / $’000
Opening Equity
6,195,504 / Opening Equity in Public Trading Entities / 6,311,764 / 6,519,174 / 3 / 6,772,332 / 6,856,222 / 6,981,175
1,675,803 / Opening Accumulated Funds / 707,685 / 5,691,835 / 704 / 5,603,376 / 5,668,581 / 5,714,047
5,348,825 / Opening Asset Revaluation Surplus / 5,388,227 / 5,489,159 / 2 / 5,625,783 / 5,643,049 / 5,648,764
500 / Opening Other Reserves / 800 / 800 / - / 800 / 800 / 800
13,220,632 / Opening Balance / 12,408,476 / 17,700,968 / 43 / 18,002,291 / 18,168,652 / 18,344,786
Comprehensive Income
Included in Accumulated Funds:
-34,293 / Operating Result for the Period / 163,842 / 62,494 / -62 / 133,342 / 68,328 / 120,214
-21,855 / Payments to ACT Government Agencies / -25,867 / -36,370 / 41 / -41,930 / -19,888 / -5,000
89,667 / Capital Distributions / 83,671 / 50,849 / -39 / 136,995 / - / -
3,815,947 / Superannuation Actuarial Gain/(Loss) / 4,959,486 / - / -100 / - / - / -
- / Prior year adjustment / 2,154 / 46 / -98 / 178 / 169 / 169
-236,400 / Transfer of Assets to the PTE Sector / -197,934 / -164,956 / -17 / -165,389 / - / -
889 / Other Movements / -1,202 / -521 / -57 / 2,010 / -3,142 / -4,120
Included in Equity in Public Trading Entities:
247,651 / Increase/(Decrease) in Net Assets of Public Trading Entities / 207,410 / 253,158 / 22 / 83,890 / 124,953 / 116,306
Included in Asset Revaluation Surplus:
17,993 / Increase/(Decrease) in Asset Revaluation Surplus / 100,932 / 136,624 / 35 / 17,266 / 5,715 / 5,715
3,879,599 / Total Comprehensive Income / 5,292,492 / 301,324 / -94 / 166,362 / 176,135 / 233,284
Other
- / Transfer to/(from) Accumulated Funds / - / - / - / - / - / -
- / Movement in the Asset Revaluation Surplus / - / - / - / - / - / -
0 / Total Other / 0 / 0 / - / 0 / 0 / 0
Table 9.3 (cont.)
Australian Capital Territory
General Government Sector
Statement of changes in equity
2016-17 / 2016-17 / 2017-18 / l / 2018-19 / 2019-20 / 2020-21Budget / Est. Outcome / Budget / Var / Estimate / Estimate / Estimate
$’000 / $’000 / $’000 / % / $’000 / $’000 / $’000
Closing Equity
6,443,155 / Closing Equity in Public Trading Entities / 6,519,174 / 6,772,332 / 4 / 6,856,222 / 6,981,175 / 7,097,481
5,289,758 / Closing Accumulated Funds / 5,691,835 / 5,603,377 / -2 / 5,668,582 / 5,714,048 / 5,825,310
5,366,818 / Closing Asset Revaluation Surplus / 5,489,159 / 5,625,783 / 2 / 5,643,049 / 5,648,764 / 5,654,479
500 / Closing Other Reserves / 800 / 800 / - / 800 / 800 / 800
17,100,231 / Balance at the End of the Reporting Period / 17,700,968 / 18,002,292 / 2 / 18,168,653 / 18,344,787 / 18,578,070
Table 9.4
Australian Capital Territory
General Government Sector
Cash Flow Statement
2016-17 / 2016-17 / 2017-18 / l / 2018-19 / 2019-20 / 2020-21Budget / Est. Outcome / Budget / Var / Estimate / Estimate / Estimate
$’000 / $’000 / $’000 / % / $’000 / $’000 / $’000
Cash Flows from Operating Activities
Cash Receipts
1,638,504 / Taxes Received / 1,681,218 / 1,759,749 / 5 / 1,894,681 / 1,997,214 / 2,106,826
493,650 / Receipts from Sales of Goods and Services / 503,981 / 513,685 / 2 / 568,467 / 567,907 / 591,588
2,095,750 / Grants/Subsidies Received / 2,060,104 / 2,212,958 / 7 / 2,234,308 / 2,285,146 / 2,373,572
114,214 / Interest Receipts / 121,699 / 116,522 / -4 / 103,010 / 109,865 / 105,338
36,391 / Distributions from Financial Investments / 34,738 / 36,851 / 6 / 45,265 / 48,089 / 51,568
361,335 / Dividends and Income Tax Equivalents / 428,735 / 353,480 / -18 / 388,471 / 291,121 / 486,192
408,014 / Other Receipts / 409,877 / 431,978 / 5 / 409,037 / 413,824 / 395,278
5,147,858 / Total Cash Received from Operating Activities / 5,240,352 / 5,425,223 / 4 / 5,643,239 / 5,713,166 / 6,110,362
Cash Payments
-2,245,746 / Payments for Employees / -2,255,679 / -2,366,439 / 5 / -2,404,580 / -2,457,936 / -2,513,286
-958,421 / Payments for Goods and Services / -973,122 / -1,094,113 / 12 / -1,097,431 / -1,154,047 / -1,272,181
-1,004,905 / Grants/Subsidies Paid / -979,565 / -1,012,089 / 3 / -995,597 / -1,051,391 / -1,072,722
-186,570 / Interest Paid / -177,096 / -192,286 / 9 / -200,918 / -224,894 / -219,631
-482,956 / Other Payments / -471,909 / -448,690 / -5 / -448,872 / -458,601 / -468,096
-4,878,598 / Total Cash Paid from Operating Activities / -4,857,371 / -5,113,617 / 5 / -5,147,398 / -5,346,869 / -5,545,916
269,260 / Net Cash Flows from Operating Activities / 382,981 / 311,606 / -19 / 495,841 / 366,297 / 564,446
Cash Flows from Investing Activities
Cash Flows from Investments in Non-Financial Assets
299,893 / Sales of Non-Financial Assets / 314,280 / 330,092 / 5 / 196,516 / 118,484 / 151,837
-934,387 / Payments for Non-Financial Assets / -844,694 / -900,010 / 7 / -694,396 / -657,194 / -608,661
-634,494 / Net Cash Flows from Investments in NonFinancial Assets / -530,414 / -569,918 / 7 / -497,880 / -538,710 / -456,824
Cash Flows from Investments in Financial Assets for Policy Purposes
Cash Receipts
308 / Repayment of Loans / 291 / 2,727 / 837 / 2,677 / 2,677 / 2,677
62,014 / Dividends – Market Gains on Land Sales / 49,395 / 86,755 / 76 / 74,609 / 11,817 / 34,554
Table 9.4 (cont.)
Australian Capital Territory
General Government Sector
Cash Flow Statement
2016-17 / 2016-17 / 2017-18 / l / 2018-19 / 2019-20 / 2020-21Budget / Est. Outcome / Budget / Var / Estimate / Estimate / Estimate
$’000 / $’000 / $’000 / % / $’000 / $’000 / $’000
95,002 / Capital Distributions / 58,359 / 77,552 / 33 / - / 152,168 / -
157,324 / Total Cash Received from Investments in Financial Assets for Policy Purposes / 108,045 / 167,034 / 55 / 77,286 / 166,662 / 37,231
Cash Payments
-62 / Issue of Loans / - / - / - / - / - / -
-21,855 / Capital Payments to Government Agencies / -25,867 / -36,370 / 41 / -41,930 / -19,888 / -5,000
-21,917 / Total Cash Paid from Investments in Financial Assets for Policy Purposes / -25,867 / -36,370 / 41 / -41,930 / -19,888 / -5,000
135,407 / Net Cash Flows from Investments in Financial Assets for Policy Purposes / 82,178 / 130,664 / 59 / 35,356 / 146,774 / 32,231
Cash Flows from Investments in Financial Assets for Liquidity Purposes
591,241 / Sales of Investments / 17,452 / 559,735 / # / 11,780 / 16,804 / 17,148
-371,363 / Payments for Investments / -265,020 / -311,812 / 18 / -59,643 / -174,291 / -143,435
219,878 / Net Cash Flows from Investments in Financial Assets for Liquidity Purposes / -247,568 / 247,923 / -200 / -47,863 / -157,487 / -126,287
-279,209 / Net Cash Flows from Investing Activities / -695,804 / -191,331 / -73 / -510,387 / -549,423 / -550,880
Cash Flows from Financing Activities
Cash Receipts
133,596 / Borrowings / 74,085 / 437,225 / # / 535,759 / 545,389 / 156,878
133,596 / Total Cash Received from Financing Activities / 74,085 / 437,225 / # / 535,759 / 545,389 / 156,878
Cash Payments
-137,294 / Borrowings / -78,079 / -541,187 / # / -514,676 / -354,375 / -163,400
-137,294 / Total Cash Paid from Financing Activities / -78,079 / -541,187 / # / -514,676 / -354,375 / -163,400
-3,698 / Net Cash Flows from Financing Activities / -3,994 / -103,962 / # / 21,083 / 191,014 / -6,522
-13,647 / Net Increase/(Decrease) in Cash Held / -316,817 / 16,313 / -105 / 6,537 / 7,888 / 7,044
Table 9.4 (cont.)
Australian Capital Territory
General Government Sector
Cash Flow Statement
2016-17 / 2016-17 / 2017-18 / l / 2018-19 / 2019-20 / 2020-21Budget / Est. Outcome / Budget / Var / Estimate / Estimate / Estimate
$’000 / $’000 / $’000 / % / $’000 / $’000 / $’000
370,480 / Cash and Cash Equivalents at the Beginning of Reporting Period / 622,079 / 305,262 / -51 / 321,575 / 328,112 / 336,000
356,833 / Cash and Cash Equivalents at the End of Reporting Period / 305,262 / 321,575 / 5 / 328,112 / 336,000 / 343,044
Key Fiscal Aggregates
269,260 / Net Cash from Operating Activities / 382,981 / 311,606 / -19 / 495,841 / 366,297 / 564,446
-634,494 / Investments in Non-Financial Assets / -530,414 / -569,918 / 7 / -497,880 / -538,710 / -456,824
-365,234 / Cash Surplus (+) /Deficit (-) / -147,433 / -258,312 / 75 / -2,039 / -172,413 / 107,622
Note: A positive number denotes a cash inflow, a negative sign denotes a cash outflow.
Derivation of ABS GFS Cash Surplus/(Deficit)
-365,234 / Cash Surplus (+)/Deficit (-) / -147,433 / -258,312 / 75 / -2,039 / -172,413 / 107,622
-99 / Acquisitions Under Finance Leases and Similar Arrangements(a) / -99 / -871 / # / -376,950 / -2,197 / -4,349
-365,333 / ABS GFS Cash Surplus (+) / Deficit() Including Finance and Similar Arrangements / -147,532 / -259,183 / 76 / -378,989 / -174,610 / 103,273
Note: (a) Finance leases are shown with a negative sign as they are deducted in compiling the ABS GFS cash surplus/deficit.
Table 9.5
General Government Sector taxes
2016-17 / 2017-18 / 2018-19 / 2019-20 / 2020-21Est. Outcome / Budget / Estimate / Estimate / Estimate
$’000 / $’000 / $’000 / $’000 / $’000
Taxes on Employers’ Payroll and Labour Force / 445,529 / 470,432 / 504,595 / 542,365 / 580,743
Taxes on Property
Land Taxes / 110,344 / 130,079 / 140,212 / 146,195 / 152,437
Stamp Duties on Financial and Capital Transactions / - / - / - / - / -
Financial Institutions' Transactions Taxes / - / - / - / - / -
Other / 834,201 / 851,714 / 925,560 / 977,904 / 1,031,510
Total Taxes on Property / 944,545 / 981,793 / 1,065,772 / 1,124,099 / 1,183,947
Taxes on the Provision of Goods and Services
Excises and Levies / - / - / - / - / -
Taxes on Gambling / 50,770 / 52,059 / 55,190 / 56,509 / 57,846
Taxes on Insurance / 40,093 / 41,227 / 42,993 / 44,946 / 46,984
Total Taxes on the Provision of Goods and Services / 90,863 / 93,286 / 98,183 / 101,455 / 104,830
Taxes on Use of Goods and Performance of Activities
Motor Vehicle Taxes / 158,995 / 167,494 / 177,245 / 178,291 / 184,481
Franchise Taxes / - / - / - / - / -
Other / 36,741 / 39,027 / 41,509 / 44,137 / 45,963
Total Taxes on Use of Goods and Performance of Activities / 195,736 / 206,521 / 218,754 / 222,428 / 230,444
Total Taxation Revenue / 1,676,673 / 1,752,032 / 1,887,304 / 1,990,347 / 2,099,964
Note: Numbers may not add due to rounding.
Table 9.6
General Government Sector grant revenue
2016-17 / 2017-18 / 2018-19 / 2019-20 / 2020-21Est. Outcome / Budget / Estimate / Estimate / Estimate
$’000 / $’000 / $’000 / $’000 / $’000
Current Grant Revenue
Current Grants from the Commonwealth
GST Revenue and Municipal Grants / 1,165,174 / 1,264,177 / 1,326,699 / 1,365,986 / 1,439,921
NonGovernment School Grants / 211,446 / 217,944 / 228,302 / 239,319 / 240,233
Other Contributions and Grants / 641,052 / 642,445 / 653,008 / 666,102 / 677,040
Total Current Grant Revenue / 2,017,672 / 2,124,566 / 2,208,009 / 2,271,407 / 2,357,194
Capital Grant Revenue
Capital Grants from the Commonwealth
NonGovernment School Grants / - / - / - / - / -
Other Contributions and Grants / 195,211 / 209,787 / 258,000 / 272,403 / 311,688
Total Capital Grant Revenue / 195,211 / 209,787 / 258,000 / 272,403 / 311,688
Total Grant Revenue / 2,212,883 / 2,334,353 / 2,466,009 / 2,543,810 / 2,668,882
Note: Numbers may not add due to rounding.
Table 9.7
General Government Sector grants and purchased services expense
2016-17 / 2017-18 / 2018-19 / 2019-20 / 2020-21Est. Outcome / Budget / Estimate / Estimate / Estimate
$’000 / $’000 / $’000 / $’000 / $’000
Current Grant Expense
Private and Not-for-Profit Sector / 200,405 / 200,604 / 171,621 / 186,320 / 193,610
NonGovernment School Grants / 211,446 / 217,944 / 228,302 / 239,319 / 240,233
Grants to Other Sectors of Government / 577,488 / 609,036 / 630,350 / 652,856 / 666,786
Total Current Grant Expense / 989,339 / 1,027,584 / 1,030,273 / 1,078,495 / 1,100,629
Capital Grant Expense
Private and Not-for-Profit Sector / 23,954 / 27,383 / 9,641 / 9,789 / 9,950
NonGovernment School Grants / - / - / - / - / -
Grants to Other Sectors of Government / 44,800 / 37,241 / 76,956 / 134,656 / 172,599
Total Capital Grant Expense / 68,754 / 64,624 / 86,597 / 144,445 / 182,549
Total Grant Expense / 1,058,093 / 1,092,208 / 1,116,870 / 1,222,940 / 1,283,178
Note: Numbers may not add due to rounding.
Table 9.8
General Government Sector Dividend and
Income Tax Equivalent income
2016-17 / 2017-18 / 2018-19 / 2019-20 / 2020-21Est. Outcome / Budget / Estimate / Estimate / Estimate
$’000 / $’000 / $’000 / $’000 / $’000
Dividends from PNFC Sector / 265,664 / 223,414 / 182,562 / 240,942 / 222,214
Dividends from Superannuation Investments / 51,043 / 52,255 / 51,333 / 54,536 / 58,481
Income Tax Equivalent / 155,475 / 132,294 / 109,348 / 108,099 / 111,078
Total GGS Dividend and Income Tax Equivalent Income / 472,182 / 407,963 / 343,243 / 403,577 / 391,773
Note: Numbers may not add due to rounding.
Table 9.9
General Government Sector expenses by function
2016-17 / 2017-18 / 2018-19 / 2019-20 / 2020-21Est. Outcome / Budget / Estimate / Estimate / Estimate
$’000 / $’000 / $’000 / $’000 / $’000
01 / General Public Services / 603,719 / 506,887 / 493,943 / 504,432 / 520,467
03 / Public Order and Safety / 431,867 / 446,898 / 446,040 / 452,720 / 469,374
04 / Education / 1,117,912 / 1,149,346 / 1,188,366 / 1,222,526 / 1,251,383
05 / Health / 1,467,927 / 1,524,492 / 1,568,197 / 1,636,815 / 1,718,233
06 / Social Security / 344,366 / 319,218 / 328,974 / 359,426 / 372,419
07 / Housing and Community Amenities / 239,152 / 285,355 / 250,013 / 244,030 / 230,933
08 / Recreation and Culture / 222,161 / 231,611 / 218,912 / 223,415 / 229,337
09 / Fuel and Energy / 19,174 / 65,579 / 95,227 / 148,991 / 190,407
10 / Agriculture, Forestry, Fishing and Hunting / 4,816 / 3,799 / 3,421 / 3,359 / 3,747
11 / Mining and Mineral Resources Other than Fuels, Manufacturing and Construction / 24,939 / 25,133 / 26,125 / 27,088 / 27,921
12 / Transport and Communications / 347,192 / 355,350 / 409,613 / 428,440 / 442,556
13 / Other Economic Affairs / 87,130 / 84,736 / 80,224 / 80,751 / 81,210
14 / Other Purposes / 500,225 / 597,967 / 600,126 / 633,028 / 645,594
Total Expenses / 5,410,579 / 5,596,370 / 5,709,181 / 5,965,018 / 6,183,579
Note: Numbers may not add due to rounding.
Table 9.10
General Government Sector expenses by function
2016-17 / 2017-18 / 2018-19 / 2019-20 / 2020-21Est. Outcome / Budget / Estimate / Estimate / Estimate
$’000 / $’000 / $’000 / $’000 / $’000
01 / General Public Services / 603,719 / 506,887 / 493,943 / 504,432 / 520,467
011 / Government Superannuation Benefits / - / - / - / - / -
019 / Other General Public Services / 603,719 / 506,887 / 493,943 / 504,432 / 520,467
03 / Public Order and Safety / 431,867 / 446,898 / 446,040 / 452,720 / 469,374
031 / Police and Fire Protection Services / 229,991 / 235,504 / 239,369 / 241,795 / 258,439
0311 / Police Services / 157,963 / 163,349 / 166,240 / 167,265 / 180,183
0312 / Fire Protection Services / 72,028 / 72,155 / 73,130 / 74,530 / 78,256
032 / Law Courts and Legal Services / 113,365 / 118,180 / 114,954 / 116,694 / 114,498
033 / Prisons and Corrective Services / 72,917 / 75,928 / 75,779 / 77,937 / 79,822
039 / Other Public Order and Safety / 15,594 / 17,285 / 15,937 / 16,293 / 16,615
04 / Education / 1,117,912 / 1,149,346 / 1,188,366 / 1,222,526 / 1,251,383
041 / Primary and Secondary Education / 924,939 / 958,690 / 995,219 / 1,023,994 / 1,046,479
0411 / Primary Education / 479,883 / 498,098 / 517,025 / 531,990 / 543,888
0412 / Secondary Education / 445,057 / 460,592 / 478,194 / 492,004 / 502,591
0419 / Primary and Secondary Education n.e.c. / - / - / - / - / -
042 / Tertiary Education / 128,014 / 124,425 / 126,690 / 130,034 / 134,452
0421 / University Education / 16,322 / 17,289 / 18,158 / 19,139 / 20,177
0422 / Technical and Further Education / 111,692 / 107,135 / 108,533 / 110,895 / 114,275
0429 / Tertiary Education n.e.c. / - / - / - / - / -
043 / Pre-School Education and Education not Definable by Level / 57,618 / 59,923 / 60,329 / 62,264 / 64,062
0431 / Pre-School Education / 40,438 / 42,038 / 43,321 / 44,734 / 45,783
0432 / Special Education / 17,133 / 17,820 / 16,969 / 17,490 / 18,239
0439 / Other Education not Definable by Level / 47 / 65 / 39 / 40 / 41
044 / Transportation of Students / 7,056 / 5,917 / 5,895 / 5,995 / 6,146
0441 / Transportation of Non-Urban School Children / 189 / 261 / 155 / 159 / 163
0449 / Transportation of Other Students / 6,866 / 5,656 / 5,739 / 5,836 / 5,983
049 / Education n.e.c. / 284 / 392 / 233 / 239 / 245
05 / Health / 1,467,927 / 1,524,492 / 1,568,197 / 1,636,815 / 1,718,233
051 / Acute Care Institutions / 1,112,067 / 1,157,137 / 1,187,802 / 1,240,600 / 1,303,206
0511 / Admitted Patient Services in Acute Care Institutions / 805,344 / 840,327 / 857,583 / 895,642 / 940,696
0512 / Non-Admitted Patient Services in Acute Care Institutions / 306,724 / 316,810 / 330,219 / 344,958 / 362,510
052 / Mental Health Institutions / 8,207 / 8,724 / 9,112 / 9,582 / 10,082
053 / Nursing Homes for the Aged / - / - / - / - / -
054 / Community Health Services / 234,351 / 239,350 / 248,726 / 259,617 / 272,349
0541 / Community Mental Health / 72,843 / 74,312 / 77,755 / 81,573 / 86,021
0542 / Patient Transport / 41,264 / 42,031 / 42,304 / 43,085 / 44,147
0549 / Other Community Health Services / 120,244 / 123,006 / 128,666 / 134,958 / 142,180
055 / Public Health Services / 49,240 / 50,845 / 52,933 / 55,388 / 58,242
056 / Pharmaceutical, Medical Aids and Appliances / 41,693 / 44,699 / 44,868 / 45,664 / 47,062
057 / Health Research / 17,907 / 18,994 / 19,861 / 20,862 / 21,942
059 / Health Administration n.e.c. / 4,460 / 4,743 / 4,895 / 5,103 / 5,351
Table 9.10 (cont.)
General Government Sector expenses by function
2016-17 / 2017-18 / 2018-19 / 2019-20 / 2020-21Est. Outcome / Budget / Estimate / Estimate / Estimate
$’000 / $’000 / $’000 / $’000 / $’000
06 / Social Security / 344,366 / 319,218 / 328,974 / 359,426 / 372,419
061 / Social Security / - / - / - / - / -
062 / Welfare Services / 341,133 / 315,003 / 325,125 / 355,482 / 368,435
0621 / Family and Children Services / 153,596 / 140,180 / 144,948 / 156,384 / 161,905
0622 / Welfare Services for the Aged / 11,641 / 12,044 / 12,415 / 12,910 / 13,240
0623 / Welfare Services for People with a Disability / 142,665 / 141,761 / 146,078 / 161,449 / 168,087
0629 / Welfare Services n.e.c. / 33,231 / 21,018 / 21,685 / 24,738 / 25,203
069 / Social Security and Welfare n.e.c. / 3,233 / 4,215 / 3,849 / 3,944 / 3,984
07 / Housing and Community Amenities / 239,152 / 285,355 / 250,013 / 244,030 / 230,933
071 / Housing and Community Development / 167,461 / 206,394 / 184,838 / 178,429 / 159,850
0711 / Housing / 84,025 / 73,060 / 83,208 / 83,194 / 66,342
0712 / Aboriginal Community Development / - / - / - / - / -
0719 / Other Community Development / 83,435 / 133,334 / 101,630 / 95,236 / 93,508
072 / Water Supply / 19,558 / 23,909 / 21,171 / 22,288 / 25,611
0721 / Aboriginal Community Water Supply / - / - / - / - / -
0729 / Other Water Supply / 19,558 / 23,909 / 21,171 / 22,288 / 25,611
073 / Sanitation and Protection of theEnvironment / 46,698 / 49,966 / 38,715 / 37,974 / 40,017
0731 / Aboriginal Community Sanitation / - / - / - / - / -
0739 / Other Sanitation and Protection of the Environment / 46,698 / 49,966 / 38,715 / 37,974 / 40,017
079 / Other Community Amenities / 5,436 / 5,086 / 5,289 / 5,338 / 5,455
0791 / Aboriginal Community Amenities / - / - / - / - / -
0799 / Other Community Amenities / 5,436 / 5,086 / 5,289 / 5,338 / 5,455
08 / Recreation and Culture / 222,161 / 231,611 / 218,912 / 223,415 / 229,337
081 / Recreation Facilities and Services / 118,822 / 130,024 / 120,245 / 123,352 / 129,156
0811 / National Parks and Wildlife / 18,848 / 19,446 / 19,432 / 19,532 / 20,799
0819 / Recreation Facilities and Services n.e.c. / 99,974 / 110,579 / 100,812 / 103,820 / 108,357
082 / Cultural Facilities and Services / 68,223 / 64,700 / 64,582 / 65,240 / 65,565
083 / Broadcasting and Film Production / - / - / - / - / -
089 / Recreation and Culture n.e.c. / 35,116 / 36,886 / 34,086 / 34,823 / 34,616
09 / Fuel and Energy / 19,174 / 65,579 / 95,227 / 148,991 / 190,407
091 / Fuel Affairs and Services / 38 / 39 / 40 / 41 / 43
0911 / Gas / 38 / 39 / 40 / 41 / 43
0919 / Fuel Affairs and Services n.e.c. / - / - / - / - / -
092 / Electricity and Other Energy / 4,898 / 5,026 / 5,202 / 5,385 / 5,584
0921 / Aboriginal Community Electricity / - / - / - / - / -
0922 / Other Electricity / 4,898 / 5,026 / 5,202 / 5,385 / 5,584
0929 / Other Energy / - / - / - / - / -
099 / Fuel and Energy n.e.c. / 14,239 / 60,514 / 89,984 / 143,564 / 184,779
10 / Agriculture, Forestry, Fishing and Hunting / 4,816 / 3,799 / 3,421 / 3,359 / 3,747
101 / Agriculture / - / - / - / - / -
102 / Forestry, Fishing and Hunting / 4,816 / 3,799 / 3,421 / 3,359 / 3,747
Table 9.10 (cont.)
General Government Sector expenses by function
2016-17 / 2017-18 / 2018-19 / 2019-20 / 2020-21Est. Outcome / Budget / Estimate / Estimate / Estimate
$’000 / $’000 / $’000 / $’000 / $’000
11 / Mining and Mineral Resources other than Fuels, Manufacturing and Construction / 24,939 / 25,133 / 26,125 / 27,088 / 27,921
111 / Mining and Mineral Resources other than Fuels / - / - / - / - / -
112 / Manufacturing / - / - / - / - / -
113 / Construction / 24,939 / 25,133 / 26,125 / 27,088 / 27,921
12 / Transport and Communications / 347,192 / 355,350 / 409,613 / 428,440 / 442,556
121 / Road Transport / 208,612 / 205,596 / 209,384 / 214,370 / 219,241
1211 / Aboriginal Community Transport / - / - / - / - / -
1212 / Road Maintenance / 204,600 / 198,086 / 197,935 / 202,392 / 207,077
1213 / Road Rehabilitation / - / - / - / - / -
1214 / Road Construction / - / - / - / - / -
1219 / Road Transport n.e.c. / 4,011 / 7,511 / 11,449 / 11,978 / 12,163
122 / Water Transport / - / - / - / - / -
1221 / Aboriginal Community Water / - / - / - / - / -
1222 / Urban Water Transport Services / - / - / - / - / -
1223 / Non Urban Water Transport Services / - / - / - / - / -
123 / Rail Transport / 829 / 754 / 50,730 / 61,234 / 58,526
1231 / Urban Rail Transport Services / 829 / 754 / 50,730 / 61,234 / 58,526
1232 / Non-Urban Rail Transport Freight Services / - / - / - / - / -
1233 / Non-Urban Rail Transport Passengers Services / - / - / - / - / -
124 / Air Transport / - / - / - / - / -
1241 / Aboriginal Community Air Transport / - / - / - / - / -
1249 / Other Air Transport Services / - / - / - / - / -
125 / Pipelines / - / - / - / - / -
128 / Other Transport / 99,306 / 104,180 / 109,679 / 113,100 / 124,475
1281 / Multi-Mode Urban Transport / - / - / - / - / -
1289 / Other Transport n.e.c. / 99,306 / 104,180 / 109,679 / 113,100 / 124,475
129 / Communication / 38,445 / 44,819 / 39,820 / 39,735 / 40,314
13 / Other Economic Affairs / 87,130 / 84,736 / 80,224 / 80,751 / 81,210
131 / Storage, Saleyards and Markets / - / - / - / - / -
132 / Tourism and Area Promotion / 33,361 / 33,908 / 31,964 / 31,896 / 31,604
133 / Labour and Employment Affairs / 36,351 / 32,869 / 31,798 / 32,234 / 32,779
1331 / Vocational Training / 16,843 / 12,476 / 12,780 / 13,060 / 13,380
1339 / Other Labour and Employment Affairs / 19,508 / 20,393 / 19,018 / 19,174 / 19,399
139 / Other Economic Affairs / 17,418 / 17,959 / 16,462 / 16,621 / 16,827
Table 9.10 (cont.)
General Government Sector expenses by function
2016-17 / 2017-18 / 2018-19 / 2019-20 / 2020-21Est. Outcome / Budget / Estimate / Estimate / Estimate
$’000 / $’000 / $’000 / $’000 / $’000
14 / Other Purposes / 500,225 / 597,967 / 600,126 / 633,028 / 645,594
141 / Public Debt Transactions / 488,742 / 581,772 / 588,051 / 620,818 / 629,089
142 / General Purpose Inter-Government Transactions / - / - / - / - / -
143 / Natural Disaster Relief / - / - / - / - / -
149 / Other Purposes n.e.c. / 11,483 / 16,196 / 12,076 / 12,210 / 16,504
Total Expenses / 5,410,579 / 5,596,370 / 5,709,181 / 5,965,018 / 6,183,579
Note: Numbers may not add due to rounding.
Table 9.11
General Government Sector
Purchases of non-financial assets by function
2016-17 / 2017-18 / 2018-19 / 2019-20 / 2020-21Est. Outcome / Budget / Estimate / Estimate / Estimate
$’000 / $’000 / $’000 / $’000 / $’000
01 / General Public Services / 83,300 / 61,361 / 65,979 / 68,196 / 44,916
03 / Public Order and Safety / 32,642 / 30,772 / 8,015 / 13,805 / 8,696
04 / Education / 48,769 / 82,502 / 70,922 / 89,421 / 60,352
05 / Health / 236,681 / 148,631 / 89,637 / 118,433 / 265,802
06 / Social Security and Welfare / 1,942 / 4,757 / 2,418 / 2,324 / 1,849
07 / Housing and Community Amenities / 276,770 / 394,333 / 250,882 / 173,128 / 145,370
08 / Recreation and Culture / 49,669 / 12,393 / 35,779 / 52,465 / 27,862
09 / Fuel and Energy / - / - / - / - / -
10 / Agriculture, Forestry, Fishing and Hunting / - / - / - / - / -
11 / Mining and Mineral Resources other than Fuels, Manufacturing and Construction / 48 / 47 / 64 / 90 / 57
12 / Transport and Communications / 112,794 / 164,367 / 156,872 / 104,353 / 51,885
13 / Other Economic Affairs / 1,601 / 650 / 1,520 / 2,553 / 1,643
14 / Other Purposes / 478 / 198 / 12,307 / 32,427 / 229
Purchases of Non-Financial Assets / 844,694 / 900,010 / 694,396 / 657,194 / 608,661
Note: Numbers may not add due to rounding.
Loan Council Allocation
The ACT’s Loan Council Allocation (LCA) agreed to at the 2017 Loan Council meeting was $205million, based on an accrual Government Finance Statistics cash surplus of $212million.
The nomination established a tolerance limit for the Budget-time estimate of between $92million and $318million (+/- 2percent of total public sector receipts).
The Budget-time estimate has been revised to $164million, and is within the tolerance limit.
Table 9.12
Loan Council Allocations
Loan Council / BudgetTimeNomination / Estimate
$m / $m
GGS Cash Deficit/(Surplus)(a) / 193 / 258
PNFC Sector Cash Deficit/(Surplus)(a) / 14 / -25
NFPS Sector Cash Deficit/(Surplus)(a), (b) / 207 / 233
Acquisition under Finance Leases and Similar Arrangements(a) / 5 / 5
equals / ABS GFS Cash Deficit/(Surplus)(a), (b) / 212 / 238
less / Net Cash Flows from Investments in Financial Assets for Policy Purposes(c) / 3 / 14
Adjusted NFPS Sector Cash Deficit/(Surplus) / 209 / 224
plus / Memorandum Items(d) / -4 / -60
Loan Council Allocation / 205 / 164
Notes:
(a) Cash surplus/deficits and finance leases are displayed with the opposite sign to that under which they are reported in cash flow statements. That is, a surplus is displayed as a negative number and vice versa.
(b) May not directly equate to the sum of the GGS and PNFC sector cash surplus/deficit due to intersectoral transfers which are netted out, and/or rounding.
(c) Net cash flows from investments in financial assets for policy purposes are displayed with the same sign as which they are reported in cash flow statements.
(d) Memorandum items are used to adjust the ABS GFS cash surplus/deficit to include in LCA’s transactions – such as operating leases – that have many of the characteristics of public sector borrowings, but do not constitute formal borrowings. They are also used, where appropriate, to deduct from the ABS GFS cash surplus/deficit transactions that Loan Council has agreed should not be included in LCAs – for example, the funding of more than employers’ emerging costs under public sector superannuation schemes, or borrowings by entities such as statutory marketing authorities.
Memorandum items also include the net surplus/deficit of public universities in the jurisdiction controlled by the Government. For the ACT, the University of Canberra has been included to reflect its financing requirement.
Tolerance Limit:
Nomination – 2 per cent of public sector receipts ($5.635 billion) +/- $113million.
Budget – 2 per cent of public sector receipts ($5.959 billion) +/- $119 million.
2017-18 Budget Paper No.31GFS/GAAP harmonised financial statements