GOVERNMENT FINANCE STATISTICS
This appendix contains details of the operations of the ACT on a Government Finance Statistics (GFS) basis, as required under the Accrual Uniform Presentation Framework.  Information relates to the 2004-05 estimated outcome and budget estimates for 2005-06 and forward estimates.
Information on the components of these concepts and on the classification of entities is provided at Appendix A and B of this budget paper.
The GFS includes only those transactions over which a government exercises control under its legislative or policy framework.
GFS revenue differs from AAS31 revenue.  GFS revenue includes all (mutually agreed) transactions that increase net worth.  Revaluations, included in AAS31 revenue, are not considered mutually agreed transactions, so are excluded from GFS revenue.  Included in this revaluations category are asset write-offs.  Asset sales, which involve a transfer of a 
non-financial for a financial asset, are also excluded.
GFS expenses differ from AAS31 expenses.  GFS expenses encompass all transactions that decrease net worth, including dividend and tax equivalent payments.

								
Reconciliation to 2005-06 Budget Papers	

Net Increase/(Decrease) in Cash as per Table 5.5.3	-  181  477	-  298  888	-  72  636	  39  791	  79  936	
								
Add back items not included in calculation						
Cash flows from investments in financial assets 						
(policy purposes) (a)	  25  492	  4  910	-  4  930	-  5  294	-  6  383	
Cash flows from investments in financial assets 						
(liquidity purposes)	  134  565	  105  223	  9  487	  48  573	  69  293	
Advances received (net)	  2  649	  2  587	  2  678	  2  774	  2  874	
Borrowing (net)	-  3  688	  15  180	  17  362	  21  684	  26  200	
Deposits received (net)	    0	    0	    0	    0	    0	
Other financing (net)	    0	    0	    0	    0	    0	
			 	 	 	 	 	
Reconciles to GFS Surplus (+)/Deficit (-)	-  22  459	-  170  988	-  48  039	  107  528	  171  920	

						
Reconciliation to 2005-06 Budget Papers	

Net Increase/(Decrease) in Cash as per Table 5.5.6	 	-  24  058	-  26  497	
						
Add back items not included in calculation				
Cash flows from investments in financial assets (policy purposes) (a)	-  8  945	-  14  020	
Cash flows from investments in financial assets (liquidity purposes)	-  40  815	-  5  302	
Advances received (net)		  14  377	  15  442	
Borrowing (net)		-  24  041	    712	
Deposits received (net)		    0	    0	
Distribution paid		    0	    0	
Other financing (net)		    0	    0	
				 	 	
Reconciles to GFS Surplus (+)/Deficit (-)	 	-  83  482	-  29  665	

						
Reconciliation to 2005-06 Budget Papers	

Net Increase/(Decrease) in Cash as per Table 5.5.9	 	-  205  535	-  325  385	
						
Add back items not included in calculation				
Cash flows from investments in financial assets  (policy purposes) (a)	-  2  454	-  2  117	
Cash flows from investments in financial assets (liquidity purposes)	  93  750	  99  921	
Advances received (net)		  11  027	  11  036	
Borrowing (net)		-  2  729	  15  892	
Deposits received (net)		    0	    0	
Other financing (net)		    0	    0	
				 	 	
Reconciles to GFS Surplus (+)/Deficit (-)	 	-  105  941	-  200  653	

								
General Government Sector Expenses by Function	
								
 	 	 	-1	Budget 	1	2	3	
			2004-05	2005-06	2006-07	2007-08	2008-09	
			Est. Outc.	Budget 	Estimate	Estimate	Estimate	
 	 	 	$'000	$'000	$'000	$'000	$'000	
								
	General public Services	  551  998	  631  335	  636  801	  679  956	  721  279	
	Defence	    0	    0	    0	    0	    0	
	Public order and Safety	  209  320	  215  563	  218  369	  223  475	  226  772	
	Education 	  572  697	  596  895	  610  084	  622  895	  641  463	
	Health	  586  773	  629  543	  645  227	  667  612	  691  753	
	Social security and welfare	  198  184	  207  792	  214  597	  220  095	  226  151	
	Housing and community amenities	  119  422	  119  851	  114  714	  116  038	  116  706	
	Recreation and culture	  83  354	  75  387	  75  175	  76  696	  77  698	
	Fuel and energy	    0	    0	    0	    0	    0	
	Agriculture, forestry, fishing and hunting	  2  334	  2  317	  2  322	  2  326	  2  330	
	Mining, manufacturing and construction	    0	    0	    0	    0	    0	
	Transport and communication	  152  533	  148  024	  148  010	  150  775	  150  425	
	Other economic affairs	  55  827	  51  297	  46  708	  46  564	  50  296	
	Other purposes	  140  296	  137  282	  136  670	  146  406	  160  181	
								
 	Total GFS Expenses	2  672  738	2  815  286	2  848  678	2  952  839	3  065  055	

								
General Government Sector Expenses by Function	
								
 	 	 	-1	Budget 	1	2	3	
			2004-05	2005-06	2006-07	2007-08	2008-09	
			Est. Outc.	Budget 	Estimate	Estimate	Estimate	
 	 	 	$'000	$'000	$'000	$'000	$'000	
								
21	General Public services	 	  551  998	  631  335	  636  801	  679  956	  721  279	
211	  Government superannuation benefits		  288  699	  317  601	  318  390	  323  939	  333  107	
219	  Other general public services		  263  299	  313  734	  318  410	  356  017	  388  171	
								
23	Public Order and safety	 	  209  320	  215  563	  218  369	  223  475	  226  772	
231	   Police and fire protection services		  124  885	  130  944	  131  652	  134  129	  135  600	
2311	     Police services		  88  599	  93  318	  93  370	  94  478	  95  579	
2312	     Fire protection services		  36  287	  37  626	  38  282	  39  651	  40  021	
232	   Law courts amd legal services		  34  903	  35  611	  36  569	  37  868	  38  268	
233	   Prisons and corrective services		  45  374	  44  663	  45  837	  47  072	  48  427	
239	   Other public order and safety		  4  157	  4  345	  4  311	  4  406	  4  478	
								
24	Education	 	  572  697	  596  895	  610  084	  622  895	  641  463	
241	  Primary and secondary education		  457  934	  481  506	  493  168	  509  720	  526  038	
2411	    Primary education		  221  689	  233  081	  238  707	  246  706	  254  599	
2412	    Primary and secondary education n.e.c.		  236  245	  248  424	  254  461	  263  013	  271  439	
2419	    Secondary education		    0	    0	    0	    0	    0	
242	  Tertiary education		  92  223	  92  881	  94  165	  90  077	  91  647	
2421	    University education		  20  883	  21  151	  21  706	  16  444	  16  829	
2422	    Technical and further education		  71  340	  71  730	  72  459	  73  633	  74  818	
2429	    Tertiary education n.e.c.		    0	    0	    0	    0	    0	
243	  Pre-school education and education not definable by level		  21  586	  21  756	  21  980	  22  307	  22  967	
2431	    Pre-school education 		  10  886	  10  730	  10  874	  10  962	  11  374	
2432	    Special education		  10  700	  11  025	  11  106	  11  345	  11  594	
2439	    Other education not definable by level		    0	    0	    0	    0	    0	
244	  Transportation of students		    955	    753	    772	    791	    811	
2441	    Transportation of non-urban school children		    0	    0	    0	    0	    0	
2449	    Transportation of other students 		    955	    753	    772	    791	    811	
249	  Education n.e.c.		    0	    0	    0	    0	    0	
								
25	Health	 	  586  773	  629  543	  645  227	  667  612	  691  753	
251	  Acute care institutions		  363  821	  394  616	  400  201	  413  318	  428  655	
2511/2/3/9	    Admitted patient services in acute care institutions		  363  821	  394  616	  400  201	  413  318	  428  655	
2514	    Non-admitted patient services in acute care institutions		    0	    0	    0	    0	    0	
252	  Mental health institutions		  4  505	  4  753	  4  964	  5  143	  5  316	
253	  Nursing homes for the aged 		    0	    0	    0	    0	    0	
254	  Community health services		  107  093	  113  001	  118  143	  122  854	  127  082	
2541	    Community health services 							
	    (excluding community mental health)		  76  036	  80  230	  84  021	  87  296	  90  459	
2542	    Community mental health		  18  921	  19  910	  20  887	  21  699	  22  486	
2543	    Patient transport		  12  137	  12  861	  13  236	  13  860	  14  138	
255	  Public health services		  24  682	  25  684	  26  757	  27  781	  28  821	
256	  Pharmaceutical, medical aids and appliances		  9  541	  9  959	  10  327	  10  765	  11  230	
257	  Health research		  7  894	  8  318	  8  675	  8  991	  9  296	
259	  Health administration n.e.c.		  69  236	  73  213	  76  161	  78  760	  81  352	

General Government Sector Expenses by Function	
								
 	 	 	-1	Budget 	1	2	3	
			2004-05	2005-06	2006-07	2007-08	2008-09	
			Est. Outc.	Budget 	Estimate	Estimate	Estimate	
 	 	 	$'000	$'000	$'000	$'000	$'000	
								
26	Social Security 	 	  198  184	  207  792	  214  597	  220  095	  226  151	
26	  Social Security 		    0	    0	    0	    0	    0	
262	  Welfare services		  198  184	  207  792	  214  597	  220  095	  226  151	
2621	    Family and children services		  95  022	  98  867	  101  826	  104  021	  107  772	
2622	    Welfare services for the aged		  23  094	  24  399	  25  584	  26  599	  27  593	
2623	    Welfare services for people with a disability		  56  560	  59  870	  61  750	  63  213	  63  751	
2629	    Wellfare services n.e.c.		  23  508	  24  656	  25  437	  26  263	  27  035	
269	  Social security and welfare n.e.c.		    0	    0	    0	    0	    0	
								
27	Housing and Community Amenities	 	  119  422	  119  851	  114  714	  116  038	  116  706	
271	  Housing and community development		  96  789	  97  745	  92  666	  93  476	  93  783	
2711	    Housing		  35  375	  38  191	  34  942	  35  246	  35  538	
2712/9	    Community development		  61  414	  59  554	  57  724	  58  230	  58  245	
272	  Water supply		  9  278	  9  465	  9  659	  9  864	  10  075	
273	  Sanitation and protection of the environment 		  10  856	  10  197	  9  968	  10  211	  10  313	
279	  Other community amenities		  2  500	  2  444	  2  421	  2  487	  2  534	
								
28	Recreation amd Culture	 	  83  354	  75  387	  75  175	  76  696	  77  698	
281	  Recreation facilities and services		  59  410	  54  751	  54  360	  55  559	  56  301	
2811	    National parks and wildlife		  21  365	  19  455	  19  333	  19  740	  20  060	
2819	    Recreation facilities and services n.e.c.		  38  045	  35  296	  35  026	  35  819	  36  241	
282	  Cultural facilities and services		  19  151	  18  290	  18  498	  18  770	  18  998	
283	  Broadcasting and film production		    83	    0	    0	    0	    0	
289	  Recreation and culture n.e.c.		  4  710	  2  346	  2  317	  2  367	  2  398	
								
29	Fuel and Energy	 	    0	    0	    0	    0	    0	
291	  Fuel affairs and services		    0	    0	    0	    0	    0	
2911/2/4/9	    Coal/Petroleum/Nuclear affairs/Fuel 		    0	    0	    0	    0	    0	
	    affairs and services n.e.c.		    0	    0	    0	    0	    0	
2913	    Gas		    0	    0	    0	    0	    0	
292	  Electricity and other energy		    0	    0	    0	    0	    0	
2921/2	    Electricity 		    0	    0	    0	    0	    0	
2929	    Other energy		    0	    0	    0	    0	    0	
299	  Fuel and energy n.e.c.		    0	    0	    0	    0	    0	
 	 	 	 	 	 	 	 	
30	Agriculture, Forestry, Fishing and Hunting	 	  2  334	  2  317	  2  322	  2  326	  2  330	
301	  Agriculture		    196	    179	    184	    188	    192	
302	  Forestry, Fishing and Hunting		  2  138	  2  138	  2  138	  2  138	  2  138	

								
General Government Sector Expenses by Function	
 	 	 	 	 	 	 	 	
			-1	Budget 	1	2	3	
			2004-05	2005-06	2006-07	2007-08	2008-09	
			Est. Outc.	Budget 	Estimate	Estimate	Estimate	
 	 	 	$'000	$'000	$'000	$'000	$'000	
								
31	Mining and mineral resources other than fuels,	 	 	 	 	 	 	
 	manufacturing and construction	 	    0	    0	    0	    0	    0	
311	  Mining and mineral resources other than fuels		    0	    0	    0	    0	    0	
312	  Manufacturing 		    0	    0	    0	    0	    0	
313	  Construction		    0	    0	    0	    0	    0	
								
32	Transport and Communications	 	  152  533	  148  024	  148  010	  150  775	  150  425	
321	   Road Transport		  141  039	  140  304	  141  021	  143  418	  143  485	
3211/3	    Aboriginal community road transport 		  22  572	  22  967	  23  199	  23  403	  22  923	
	    services/Road rehabilitation 		  18  604	  17  614	  17  677	  18  054	  18  193	
3212	    Road maintenance		  35  172	  35  648	  36  022	  36  357	  35  664	
3214	Road Construction		  64  690	  64  076	  64  124	  65  604	  66  706	
3219	    Road Transport n.e.c.		    0	    0	    0	    0	    0	
322	  Water transport		    0	    0	    0	    0	    0	
04/03/3221	    Other water transport services		    0	    0	    0	    0	    0	
3222	    Urban water transport services 		    0	    0	    0	    0	    0	
323	  Rail transport		    0	    0	    0	    0	    0	
3231	    Urban trail transport services		    0	    0	    0	    0	    0	
3232	    Non-urban rail transport freight services		    0	    0	    0	    0	    0	
3233	    Non-urban rail transport passengers services		    0	    0	    0	    0	    0	
324	  Air transport		    0	    0	    0	    0	    0	
325	  Pipelines		    0	    0	    0	    0	    0	
328	  Other transport		    0	    0	    0	    0	    0	
3281	    Multi-mode urban transport		    0	    0	    0	    0	    0	
3289	    Other transport n.e.c.		    0	    0	    0	    0	    0	
329	  Communication		  11  494	  7  720	  6  989	  7  357	  6  939	
								
33	Other Economic Affairs	 	  55  827	  51  297	  46  708	  46  564	  50  296	
331	  Storage, saleyards and markets		    0	    0	    0	    0	    0	
332	  Tourism and area promotion		  41  530	  37  662	  32  819	  32  759	  35  946	
333	  Labour amd employment affairs		  14  297	  13  635	  13  890	  13  805	  14  350	
3331	    Vocational training		  14  297	  13  635	  13  890	  13  805	  14  350	
3339	    Other labour and employmetn affairs		    0	    0	    0	    0	    0	
339	  Other Economic Affairs		    0	    0	    0	    0	    0	
								
34	Other Purposes	 	  140  296	  137  282	  136  670	  146  406	  160  181	
341	  Public debt transactions		  56  541	  58  514	  57  862	  59  920	  60  789	
342	  General purpose inter-government transactions		  13  668	  17  893	  19  721	  22  610	  30  865	
343	  Natural disaster relief		  22  438	  11  737	  5  980	  5  929	  6  126	
349	  Other Purposes n.e.c		  47  649	  49  138	  53  107	  57  947	  62  401	
								
 	Total General Government Expenses	 	2  672  738	2  815  286	2  848  678	2  952  839	3  065  055	

								
								
Commonwealth General Government Sector Taxes	

 	 	 	-1	Budget 	1	2	3	
			2004-05	2005-06	2006-07	2007-08	2008-09	
			Est. Outc.	Budget 	Estimate	Estimate	Estimate	
 	 	 	$'000	$'000	$'000	$'000	$'000	
								
	Taxes on income, profits and capital gains						
		Income and capital gains levied on individuals	    0	    0	    0	    0	    0	
		Income and capital gains levied on enterprises	    0	    0	    0	    0	    0	
		Income taxes levied on non-residents	    0	    0	    0	    0	    0	
		Total	    0	    0	    0	    0	    0	
	Taxes on employers payroll and labour force	  197  654	  213  938	  231  936	  251  196	  274  475	
	Taxes on property	  366  062	  383  789	  410  723	  434  747	  460  198	
	Taxes on provision of goods and services						
	 	Sales tax	    0	    0	    0	    0	    0	
		Excises and levies	    0	    0	    0	    0	    0	
		Taxes on international trade	    0	    0	    0	    0	    0	
		Total	    0	    0	    0	    0	    0	
	Taxes on use of goods and performance of activities	  85  789	  88  545	  91  414	  94  396	  97  488	
								
 	Total GFS Taxation Revenue	  649  505	  686  272	  734  073	  780  339	  832  161	

								
State and Territory General Government Sector Taxes	

 	 	 	-1	Budget 	1	2	3	
			2004-05	2005-06	2006-07	2007-08	2008-09	
			Est. Outc.	Budget 	Estimate	Estimate	Estimate	
 	 	 	$'000	$'000	$'000	$'000	$'000	
								
	Taxes on employers payroll and labour force	  197  654	  213  938	  231  936	  251  196	  274  475	
	Taxes on property						
		Land taxes	  54  833	  58  098	  60  584	  63  174	  65  872	
		Stamp duties on financial and capital transactions	    219	    224	  2  730	  2  735	  2  741	
		financial institutions and capital transactions	  7  851	  8  330	  8  838	  9  378	  9  950	
		Financial institutions transaction taxes	  18  068	  3  335	  3  446	  3  561	  3  676	
		Other	  285  091	  313  802	  335  125	  355  899	  377  959	
		Total	  366  062	  383  789	  410  723	  434  747	  460  198	
	Taxes on provision of goods and services						
		Excises and levies	    0	    0	    0	    0	    0	
		Taxes on gambling	  48  204	  49  617	  50  052	  55  454	  57  773	
		Taxes on insurance	  38  828	  39  882	  40  961	  42  216	  43  552	
		Total	  87  032	  89  499	  91  013	  97  670	  101  325	
	Taxes on use of goods and performance of activities						
		Motor vehicles taxes	  85  789	  88  545	  91  414	  94  396	  97  488	
		Franchise taxes	    0	    0	    0	    0	    0	
		Other	    0	    0	    0	    0	    0	
		Total	  85  789	  88  545	  91  414	  94  396	  97  488	
 	Total GFS Taxation Revenue	  736  537	  775  771	  825  086	  878  009	  933  486	

Loan Council Allocation
The ACT’s Loan Council Allocation (LCA) agreed to at the time of the 2005 Loan Council meeting was $22m, based on an accrual Government Finance Statistics deficit of $26m.
The nomination established a tolerance limit for the Budget-time estimate of between $76m and -$32m (+/- 2% of total public sector receipts).
The Budget-time estimate has been revised to $197m, which has exceeded the LCA nomination tolerance limit by $121m.  The variance largely reflects the rollover of capital works from 2004‑05 to 2005‑06 and expenditure on new policy proposals.

LOAN COUNCIL ALLOCATIONS				
					
 	 	 	Loan Council Nomination	Budget-time Estimate	
 	 	 	$m	$m	
					
	General government sector deficit/(surplus)		    16	    171	
	PNFC sector cash deficit/(surplus)		    10	    30	
	Non-financial public sector cash deficit/(surplus) (a)		    26	    201	
	Net cash flows from investments in financial assets for policy purposes (b)		-    2	-    2	
	Memorandum items  (c)		-    6	-    6	
 	Loan Council Allocation	 	    22	    197	
					
(a)     	The sum of the deficits of the general government and PNFC sector does not equal the non-financial public sector	
	deficit due to intersectoral transfers, which are netted out in the calculation of the non-financial public sector figure.	
(b)     	This item is the negative of net advances paid under a cash accounting framework.				
(c)     	Memorandum items are used to adjust the ABS deficit to include in LCA's certain 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 deficit certain 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			

Tolerance Limit
Nomination - 2% of public sector receipts ($2.685billion)  +/-$54m.
Budget - 2% of public sector receipts ($2.715billion) +/- $54m.