Statement 10: Historical Australian
Government Data
Revisions since the 2008‑09 MYEFO
The 2009‑10 Budget includes revisions to the historic series for the following:
- the reclassification of the Export Finance and Insurance Corporation National Interest Account (EFICNIA) from the public financial sector to the general government sector. EFICNIA was reclassified at the Mid‑Year Economic and Fiscal Outlook 2007‑08 and included in 2007‑08 outcomes. This change is now back‑cast in the historic series from 1998‑99 to 2006‑07. This change affects all the cash aggregates and revenue, expenses and fiscal balance for the general government and non‑financial public sectors; and
- changes in accounting treatments to align with revision made by the ABS in its publication cat. no. 5512.0 Government Finance Statistics 2007‑08. The main change involved the reclassification of the Australian Government's investment in the Australian National University from an equity investment to an investment, loan and placements. This change affects net debt only and the financial years from 2002‑03 onwards.
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