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Statement 11: Budget Concepts and Historical Data

Contents

Statement 11: Budget Concepts and Historical Data

Part I: Budget concepts

External reporting standards
Accrual GFS framework
Sectoral classifications
Australian Accounting Standard No. 31 (AAS31) Reporting Framework
Reconciliation of GFS and AAS31 aggregates

Part II: Historical general government data

Statement 11: Budget Concepts and Historical Data

The 2001-02 Budget has been prepared in accordance with the Australian Bureau of Statistics (ABS) accrual Government Finance Statistics (GFS) framework. Financial statements and additional agency statistics conforming with Australian Accounting Standard No. 31 (AAS31) are also provided, as required under the Charter of Budget Honesty Act 1998. The GFS accrual framework provides the basis on which the major budget aggregates - the fiscal and underlying cash balances - are calculated.