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Australian Government Coat of Arms

Budget | 2014-15

Budget 2014-15
Australian Government Coat of Arms, Budget 2014-15

Appendix C: Supplementary Tables

The tables in this Appendix provide information on key fiscal indicators at the Commonwealth, State and local levels, and together at the consolidated level. Due to inter‑sectoral transfers, non‑financial public sector does not always equal the sum of the general government and public non‑financial corporations sectors.

Table C.1: General government sector cash balance by level of government as a percentage of GDP
  Commonwealth(a)   State/local   Consolidated(b)
  Receipts Payments Cash balance(c)   Receipts Payments Cash balance   Receipts Payments Cash balance(c)
2001‑02 24.9 25.0 -0.1   16.5 15.9 0.6   34.9 34.5 0.4
2002‑03 25.5 24.6 0.9   16.6 16.0 0.6   35.9 34.5 1.4
2003‑04 25.3 24.3 0.9   16.8 15.9 0.9   36.1 34.3 1.8
2004‑05 25.6 24.1 1.5   16.8 16.0 0.9   36.4 34.1 2.3
2005‑06 25.6 24.1 1.6   17.0 16.1 1.0   36.6 34.1 2.5
2006‑07 25.1 23.3 1.6   16.5 16.8 -0.3   35.9 34.5 1.2
2007‑08 25.0 23.1 1.7   16.1 16.4 -0.3   35.3 33.7 1.4
2008‑09 23.2 25.1 -2.1   16.2 16.8 -0.6   33.4 36.0 -2.8
2009‑10 22.0 26.0 -4.2   17.5 18.5 -1.0   32.4 37.7 -5.5
2010‑11 21.5 24.6 -3.4   16.5 17.4 -0.9   31.7 35.8 -4.3
2011‑12 22.2 25.0 -2.9   16.6 17.6 -1.0   32.6 36.8 -4.3
2012‑13 23.1 24.1 -1.2   15.8 17.2 -1.4   33.4 36.1 -2.9
2013‑14(e) 23.0 25.9 -3.1   16.1 17.3 -1.1   33.6 37.9 -4.5
2014‑15(e) 23.6 25.3 -1.8   16.4 16.9 -0.5   34.5 36.8 -2.6
2015‑16(e) 24.0 24.8 -1.0   16.3 16.6 -0.3   34.6 36.0 -1.5
2016‑17(p) 24.4 24.7 -0.6   16.0 16.1 -0.1   34.6 35.4 -0.9

(a) Commonwealth data have been revised in the 2014‑15 Budget to improve accuracy and comparability through time. See Budget Paper No.1, Statement 10.

(b) The consolidated level comprises the Australian, State, Territory and Local governments.

(c) The cash balance is equal to the ABS GFS cash surplus/deficit less net Future Fund earnings. Net Future Fund earnings are not shown in the table.

(e) Estimates.

(p) Projections.

Table C.2: Public non‑financial corporations sector cash balance by level of government as a percentage of GDP
  Commonwealth(a)   State/local   Consolidated(b)
  Receipts Payments Cash balance   Receipts Payments Cash balance   Receipts Payments Cash balance
2001‑02 na na 0.2   5.1 5.3 -0.1   na na 0.0
2002‑03 3.4 3.3 0.2   4.9 5.2 -0.3   8.4 8.5 -0.1
2003‑04 3.2 3.0 0.2   4.9 5.0 -0.2   8.2 8.1 0.0
2004‑05 3.2 3.0 0.2   4.7 5.1 -0.4   8.0 8.2 -0.2
2005‑06 3.1 3.2 -0.1   4.8 5.4 -0.6   8.0 8.7 -0.7
2006‑07 1.6 1.7 -0.2   4.8 5.5 -0.7   6.4 7.3 -0.9
2007‑08 0.7 0.7 0.0   4.7 5.7 -1.0   5.5 6.5 -1.0
2008‑09 0.6 0.7 -0.1   4.7 6.1 -1.4   5.5 6.9 -1.5
2009‑10 0.6 0.7 -0.1   5.4 6.4 -0.9   6.2 7.2 -1.0
2010‑11 0.6 0.7 -0.1   5.0 6.0 -1.0   5.7 6.8 -1.1
2011‑12 0.6 0.7 -0.1   4.8 5.4 -0.6   5.5 6.3 -0.8
2012‑13 0.6 0.9 -0.3   4.9 5.8 -0.9   5.5 6.7 -1.2
2013‑14(e) 0.7 0.9 -0.2   4.7 5.5 -0.7   5.4 6.3 -1.0
2014‑15(e) 0.7 1.0 -0.3   4.7 5.1 -0.4   5.3 6.0 -0.7
2015‑16(e) na na na   5.0 4.9 0.1   na na na
2016‑17(p) na na na   4.5 4.8 -0.3   na na na

(a) Commonwealth data have been revised in the 2014‑15 Budget to improve accuracy and comparability through time. See Budget Paper No.1, Statement 10.

(b) The consolidated level comprises the Australian, State, Territory and Local governments.

(e) Estimates.

(p) Projections.

na Comparable data are not available.

Table C.3: Non‑financial public sector cash balance by level of government as a percentage of GDP
  Commonwealth(a)   State/local   Consolidated(b)
  Receipts Payments Cash balance(c)   Receipts Payments Cash balance   Receipts Payments Cash balance(c)
2001‑02 na na 0.0   20.0 19.5 0.5   na na 0.5
2002‑03 na na 1.1   20.0 19.6 0.4   na na 1.3
2003‑04 27.6 26.5 1.1   20.2 19.4 0.8   41.8 39.9 1.9
2004‑05 28.0 26.3 1.6   20.0 19.5 0.5   41.9 39.8 2.1
2005‑06 27.9 26.4 1.5   20.2 19.8 0.4   42.0 40.2 1.8
2006‑07 26.2 24.6 1.4   19.7 20.7 -1.0   40.2 39.7 0.3
2007‑08 25.5 23.6 1.6   19.3 20.6 -1.3   39.1 38.4 0.4
2008‑09 23.6 25.6 -2.2   19.3 21.3 -2.0   37.0 41.0 -4.3
2009‑10 22.4 26.5 -4.3   21.0 22.9 -1.9   36.4 42.7 -6.5
2010‑11 21.9 25.1 -3.5   19.9 21.8 -1.9   35.6 40.7 -5.3
2011‑12 22.6 25.5 -3.1   19.7 21.4 -1.7   36.1 41.1 -5.2
2012‑13 23.5 24.9 -1.5   19.1 21.4 -2.4   37.1 41.0 -4.1
2013‑14(e) 23.5 26.7 -3.4   19.2 21.1 -1.9   37.1 42.4 -5.5
2014‑15(e) 24.2 26.2 -2.1   19.5 20.4 -1.0   38.1 41.2 -3.3
2015‑16(e) na na na   19.7 20.0 -0.3   na na na
2016‑17(p) na na na   19.0 19.5 -0.4   na na na

(a) Commonwealth data have been revised in the 2014‑15 Budget to improve accuracy and comparability through time. See Budget Paper No.1, Statement 10.

(b) The consolidated level comprises the Australian, State, Territory and Local governments.

(c) The cash balance is equal to the ABS GFS cash surplus/deficit less net Future Fund earnings. Net Future Fund earnings are not shown in this table.

(e) Estimates.

(p) Projections.

na Comparable data are not available.

Table C.4: General government sector fiscal balance by level of government as a percentage of GDP
  Commonwealth(a)   State/local   Consolidated(b)
  Revenue Expenses Fiscal balance(c)   Revenue Expenses Fiscal balance(c)   Revenue Expenses Fiscal balance(c)
2001‑02 25.3 25.6 -0.4   16.2 15.7 -0.1   34.9 34.8 -0.5
2002‑03 25.8 25.1 0.7   16.2 15.5 0.2   35.7 34.4 0.8
2003‑04 25.8 25.0 0.7   16.3 15.4 0.5   36.1 34.4 1.1
2004‑05 26.3 24.8 1.3   16.2 15.3 0.4   36.4 34.2 1.5
2005‑06 26.2 24.3 1.6   16.3 15.2 0.4   36.5 33.5 1.9
2006‑07 25.6 23.8 1.5   16.2 15.1 0.2   36.0 33.2 1.6
2007‑08 25.8 23.8 1.8   15.7 15.0 -0.3   35.6 32.9 1.4
2008‑09 23.8 25.8 -2.4   15.9 15.4 -0.8   33.4 35.2 -3.4
2009‑10 22.6 26.2 -4.2   17.0 16.4 -1.2   32.5 35.6 -5.6
2010‑11 22.0 25.3 -3.7   16.2 15.7 -1.1   31.9 34.6 -4.7
2011‑12 22.8 25.4 -3.0   16.1 15.6 -0.8   32.6 35.1 -4.2
2012‑13 23.6 25.1 -1.5   15.4 15.6 -1.3   33.6 35.3 -3.0
2013‑14(e) 23.6 26.2 -2.8   15.8 15.9 -1.2   33.9 36.7 -4.3
2014‑15(e) 24.0 25.4 -1.6   16.2 15.8 -0.5   34.5 35.7 -2.4
2015‑16(e) 24.5 25.2 -0.7   16.1 15.4 -0.4   34.9 35.0 -1.3
2016‑17(p) 25.1 25.3 -0.4   15.9 15.2 -0.2   35.1 34.8 -0.8

(a) Commonwealth data have been revised in the 2014‑15 Budget to improve accuracy and comparability through time. See Budget Paper No.1, Statement 10.

(b) The consolidated level comprises the Australian, State, Territory and Local governments.

(c) The fiscal balance is equal to revenue less expenditure less net capital investment; net capital investment is not shown in this table.

(e) Estimates.

(p) Projections.

Table C.5: Public non‑financial corporations sector fiscal balance by level of government as a percentage of GDP
  Commonwealth(a)   State/local   Consolidated(b)
  Revenue Expenses Fiscal balance(c)   Revenue Expenses Fiscal balance(c)   Revenue Expenses Fiscal balance(c)
2001‑02 3.5 3.4 0.1   4.7 4.5 -0.2   8.2 7.9 -0.1
2002‑03 3.0 2.9 0.2   4.5 4.4 -0.3   7.6 7.3 -0.1
2003‑04 3.0 2.7 0.2   4.4 4.3 -0.3   7.5 7.1 0.0
2004‑05 2.9 2.7 0.2   4.3 4.1 -0.4   7.3 6.9 -0.3
2005‑06 2.8 3.0 -0.2   4.3 4.2 -0.7   7.2 7.3 -1.0
2006‑07 1.4 1.5 -0.2   4.5 4.1 -0.6   6.0 5.7 -0.8
2007‑08 0.6 0.6 0.0   4.2 4.0 -1.1   4.8 4.7 -1.1
2008‑09 0.6 0.6 -0.1   4.3 4.2 -1.5   4.9 4.9 -1.6
2009‑10 0.6 0.6 -0.1   4.9 4.7 -1.1   5.6 5.3 -1.2
2010‑11 0.5 0.6 -0.1   4.7 4.7 -0.9   5.4 5.5 -1.1
2011‑12 0.5 0.6 -0.1   4.5 4.5 -0.7   5.1 5.1 -0.9
2012‑13 0.6 0.6 -0.3   4.5 4.2 -0.7   5.2 4.9 -0.9
2013‑14(e) 0.6 0.7 -0.2   4.6 4.4 -0.5   5.2 5.1 -0.7
2014‑15(e) 0.6 0.7 -0.3   4.5 4.3 -0.3   5.2 5.1 -0.6
2015‑16(e) na na na   4.4 4.2 0.2   na na na
2016‑17(p) na na na   4.3 4.1 -0.1   na na na

(a) Commonwealth data have been revised in the 2014‑15 Budget to improve accuracy and comparability through time. See Budget Paper No.1, Statement 10.

(b) The consolidated level comprises the Australian, State, Territory and Local governments.

(c) The 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 Comparable data are not available.

Table C.6: Non‑financial public sector fiscal balance by level of government as a percentage of GDP
  Commonwealth(a)   State/local   Consolidated(b)
  Revenue Expenses Fiscal balance(c)   Revenue Expenses Fiscal balance(c)   Revenue Expenses Fiscal balance(c)
2001‑02 28.2 28.4 -0.3   19.1 18.5 -0.3   40.8 40.3 -0.6
2002‑03 28.2 27.3 0.9   19.1 18.3 -0.1   41.0 39.5 0.7
2003‑04 28.1 27.0 1.0   19.1 18.0 0.3   41.1 39.0 1.1
2004‑05 28.6 26.9 1.5   19.0 17.9 -0.1   41.4 38.8 1.3
2005‑06 28.3 26.6 1.4   18.9 17.8 -0.4   41.3 38.3 1.0
2006‑07 26.7 25.0 1.4   19.0 17.6 -0.5   39.9 36.9 0.8
2007‑08 26.2 24.2 1.7   18.3 17.5 -1.4   38.7 35.8 0.3
2008‑09 24.1 26.2 -2.5   18.5 18.0 -2.3   36.5 38.2 -5.0
2009‑10 23.0 26.7 -4.2   20.1 19.2 -2.3   36.0 38.9 -6.7
2010‑11 22.4 25.8 -3.8   19.3 18.9 -2.1   35.4 38.2 -5.8
2011‑12 23.2 25.9 -3.2   19.0 18.5 -1.6   36.0 38.4 -5.1
2012‑13 24.1 25.6 -1.8   18.2 18.3 -2.2   36.9 38.6 -4.2
2013‑14(e) 24.1 26.8 -3.1   18.6 18.8 -1.9   37.2 40.2 -5.2
2014‑15(e) 24.5 26.1 -1.9   18.9 18.5 -1.1   37.9 39.2 -3.3
2015‑16(e) na na na   18.8 18.2 -0.4   na na na
2016‑17(p) na na na   18.6 18.0 -0.5   na na na

(a) Commonwealth data have been revised in the 2014‑15 Budget to improve accuracy and comparability through time. See Budget Paper No.1, Statement 10.

(b) The consolidated level comprises the Australian, State, Territory and Local governments.

(c) The 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 Comparable data are not available.

Table C.7: Gross fixed capital formation by sector
  General Government   PNFCs    NFPS
  Commonwealth   State(a)     Commonwealth    State(a)   Commonwealth   State(a) 
  $m Per cent
of GDP
  $m Per cent
of GDP
  $m Per cent
of GDP
  $m Per cent
of GDP
  $m Per cent
of GDP
  $m Per cent
of GDP
2001‑02 3,832 0.5   8,671 1.2   3,015 0.4   6,808 0.9   6,846 0.9   15,479 2.1
2002‑03 5,224 0.7   8,073 1.0   2,530 0.3   7,936 1.0   7,755 1.0   16,018 2.0
2003‑04 4,144 0.5   8,152 0.9   2,941 0.3   8,764 1.0   7,086 0.8   16,507 1.9
2004‑05 5,085 0.6   9,078 1.0   3,658 0.4   10,009 1.1   8,743 0.9   19,042 2.1
2005‑06 6,440 0.6   10,691 1.1   4,411 0.4   12,894 1.3   10,851 1.1   23,357 2.3
2006‑07 6,879 0.6   13,173 1.2   2,774 0.3   16,056 1.5   9,654 0.9   29,175 2.7
2007‑08 7,040 0.6   15,069 1.3   1,011 0.1   19,775 1.7   8,051 0.7   34,607 2.9
2008‑09 8,956 0.7   18,421 1.5   1,298 0.1   25,076 2.0   10,254 0.8   43,448 3.5
2009‑10 10,080 0.8   25,659 2.0   1,460 0.1   24,797 1.9   11,539 0.9   50,393 3.9
2010‑11 9,154 0.7   25,930 1.8   1,563 0.1   20,618 1.5   10,716 0.8   46,938 3.3
2011‑12 9,402 0.6   23,424 1.6   2,403 0.2   19,539 1.3   11,804 0.8   43,657 2.9
2012‑13 6,317 0.4   21,413 1.4   3,678 0.2   17,327 1.1   9,994 0.7   38,560 2.5
2013‑14(e) 9,966 0.6   25,219 1.6   2,708 0.2   16,687 1.1   12,674 0.8   41,777 2.6
2014‑15(e) 8,309 0.5   24,789 1.5   3,781 0.2   15,312 0.9   12,090 0.7   40,102 2.5
2015‑16(e) 7,448 0.4   24,067 1.4   na na   8,280 0.5   na na   32,167 1.9
2016‑17(p) 9,411 0.5   21,961 1.2   na na   13,350 0.7   na na   35,430 2.0

(a) This table excludes Local government gross fixed capital formation.

(e) Estimates.

(p) Projections.

na Comparable data are not available.

Table C.8: Net debt by sector (as at end of financial year)
  General Government     PNFCs   NFPS
  Commonwealth(a)   State/local    Consolidated(b)    Consolidated(b)   Consolidated(b)
  $m Per cent
of GDP
  $m Per cent
of GDP
  $m Per cent
of GDP
  $m Per cent
of GDP
  $m Per cent
of GDP
2001‑02 38,180 5.1   -4,990 -0.7   29,100 3.9   43,195 5.7   72,294 9.6
2002‑03 29,047 3.6   -10,295 -1.3   14,051 1.8   44,099 5.5   58,150 7.3
2003‑04 22,639 2.6   -17,444 -2.0   -1,658 -0.2   44,244 5.1   42,587 4.9
2004‑05 10,741 1.2   -24,905 -2.7   -20,364 -2.2   47,308 5.1   26,945 2.9
2005‑06 -4,531 -0.5   -35,867 -3.6   -52,896 -5.3   49,952 5.0   -2,944 -0.3
2006‑07 -29,150 -2.7   -31,968 -2.9   -78,163 -7.2   45,517 4.2   -32,646 -3.0
2007‑08 -44,820 -3.8   -26,507 -2.2   -86,221 -7.3   52,110 4.4   -34,110 -2.9
2008‑09 -16,148 -1.3   -18,188 -1.4   -44,484 -3.5   72,051 5.7   27,567 2.2
2009‑10 42,283 3.3   -5,246 -0.4   29,522 2.3   82,755 6.4   112,276 8.7
2010‑11 84,551 6.0   827 0.1   77,250 5.5   86,427 6.1   163,677 11.6
2011‑12 147,334 9.9   16,197 1.1   157,642 10.6   93,645 6.3   251,287 16.9
2012‑13 152,982 10.0   35,897 2.4   182,700 12.0   104,335 6.9   287,031 18.8
2013‑14(e) 197,851 12.5   52,916 3.3   245,438 15.5   113,997 7.2   359,433 22.7
2014‑15(e) 226,388 13.9   62,220 3.8   284,154 17.4   120,308 7.4   404,458 24.8
2015‑16(e) 246,362 14.4   63,384 3.7   306,208 17.9   na na   na na
2016‑17(p) 261,280 14.6   65,332 3.6   324,036 18.1   na na   na na

(a) Commonwealth data have been revised in the 2014‑15 Budget to improve accuracy and comparability through time. See Budget Paper No.1, Statement 10.

(b) The consolidated level comprises the Australian, State, Territory and Local governments.

(e) Estimates.

(p) Projections.

na Comparable data are not available.

Table C.9: General government sector net financial worth by level of government (as at end of financial year)
  Commonwealth(a)    State/local   Consolidated(b) 
  $b Per cent
of GDP
  $b Per cent
of GDP
  $b Per cent
of GDP
2001‑02 -78.0 -10.4   61.1 8.1   -16.0 -2.1
2002‑03 -82.9 -10.4   78.2 9.8   -3.7 -0.5
2003‑04 -72.4 -8.4   96.8 11.2   25.9 3.0
2004‑05 -58.9 -6.4   111.0 12.0   53.8 5.8
2005‑06 -59.8 -6.0   110.1 11.0   51.9 5.2
2006‑07 -35.7 -3.3   130.1 12.0   96.8 8.9
2007‑08 -14.7 -1.2   132.7 11.3   120.8 10.2
2008‑09 -71.5 -5.7   124.6 9.9   54.4 4.3
2009‑10 -144.5 -11.1   115.3 8.9   -25.3 -2.0
2010‑11 -198.8 -14.1   128.2 9.1   -66.4 -4.7
2011‑12 -355.8 -23.9   57.3 3.9   -295.2 -19.9
2012‑13 -312.7 -20.5   74.5 4.9   -234.8 -15.4
2013‑14(e) -299.6 -18.9   79.5 5.0   -216.7 -13.7
2014‑15(e) -329.2 -20.2   91.0 5.6   -234.6 -14.4
2015‑16(e) -342.4 -20.0   103.5 6.1   -235.1 -13.8
2016‑17(p) -351.0 -19.6   114.6 6.4   -232.4 -13.0

(a) Commonwealth data have been revised in the 2014‑15 Budget to improve accuracy and comparability through time. See Budget Paper No.1, Statement 10.

(b) The consolidated level comprises the Australian, State, Territory and Local governments.

(e) Estimates.

(p) Projections.

Table C.10: General government sector net worth by level of government (as at end of financial year)
  Commonwealth(a)    State/local   Consolidated(b) 
  $b Per cent
of GDP
  $b Per cent
of GDP
  $b Per cent
of GDP
2001‑02 -11.7 -1.5   428.2 56.8   437.7 58.1
2002‑03 -15.3 -1.9   470.2 58.7   476.9 59.5
2003‑04 -1.2 -0.1   515.3 59.8   537.6 62.4
2004‑05 14.6 1.6   572.9 62.1   612.6 66.4
2005‑06 18.0 1.8   609.1 61.0   653.4 65.4
2006‑07 46.4 4.3   678.5 62.4   754.1 69.3
2007‑08 70.9 6.0   785.7 66.6   888.5 75.4
2008‑09 19.4 1.5   878.3 69.8   930.4 73.9
2009‑10 -45.9 -3.5   938.5 72.4   928.5 71.6
2010‑11 -95.4 -6.8   966.9 68.7   909.8 64.7
2011‑12 -247.2 -16.6   935.3 62.9   727.4 48.9
2012‑13 -202.7 -13.3   987.3 64.8   824.9 54.2
2013‑14(e) -186.4 -11.8   1,025.4 64.8   880.8 55.6
2014‑15(e) -212.0 -13.0   1,066.9 65.4   898.1 55.0
2015‑16(e) -222.5 -13.0   1,113.7 65.2   936.5 54.8
2016‑17(p) -229.0 -12.8   1,158.6 64.6   977.0 54.5

(a) Commonwealth data have been revised in the 2014‑15 Budget to improve accuracy and comparability through time. See Budget Paper No.1, Statement 10.

(b) The consolidated level comprises the Australian, State, Territory and Local governments.

(e) Estimates.

(p) Projections.

Table C.11: General government sector net interest payments by level of government
  Commonwealth(a)    State/local   Consolidated(b) 
  $m Per cent
of GDP
  $m Per cent
of GDP
  $m Per cent
of GDP
2001‑02 5,352 0.7   1,369 0.2   6,508 0.9
2002‑03 3,758 0.5   582 0.1   4,184 0.5
2003‑04 3,040 0.4   -2,364 -0.3   521 0.1
2004‑05 2,502 0.3   -3,069 -0.3   -773 -0.1
2005‑06 2,303 0.2   -3,822 -0.4   -1,730 -0.2
2006‑07 228 0.0   -4,198 -0.4   -4,209 -0.4
2007‑08 -1,015 -0.1   1,047 0.1   -174 0.0
2008‑09 -1,196 -0.1   -719 -0.1   -2,134 -0.2
2009‑10 2,386 0.2   -479 0.0   1,732 0.1
2010‑11 4,608 0.3   -363 0.0   4,026 0.3
2011‑12 6,609 0.4   393 0.0   6,775 0.5
2012‑13 8,285 0.5   na na   na na
2013‑14(e) 10,725 0.7   na na   na na
2014‑15(e) 10,517 0.6   na na   na na
2015‑16(e) 11,549 0.7   na na   na na
2016‑17(p) 12,210 0.7   na na   na na

(a) Commonwealth data have been revised in the 2014‑15 Budget to improve accuracy and comparability through time. See Budget Paper No.1, Statement 10.

(b) The consolidated level comprises the Australian, State, Territory and Local governments.

(e) Estimates.

(p) Projections.

na Comparable data are not available.