Chapter 6: Public Sector Finance

6.1 State government net debt

	2008-09	2009-10	2010-11	2011-12	2012-13
General government sector net debt (a) – $ million
New South Wales	8 022	9 225	7 766	13 238	10 898
Victoria	5 331	7 932	11 885	15 287	19 927
Queensland	-19 285	-13 347	-9 055	-5 865	2 513
South Australia	- 180	735	2 251	3 401	4 459
Western Australia	-2 618	-1 076	236	2 050	4 742
Tasmania	- 982	- 748	- 415	- 409	- 220
Northern Territory	837	719	1 172	1 633	1 829
Australian Capital Territory	-2 804	-2 962	-2 987	-2 733	-2 504
Total (b)	-11 680	479	10 854	26 603	41 643
General government sector net debt – percentage of gross state product
New South Wales	2.0	2.2	1.8	2.9	2.3
Victoria	1.9	2.7	3.8	4.7	5.9
Queensland	-7.5	-5.3	-3.4	-2.1	0.9
South Australia	-0.2	0.9	2.5	3.7	4.7
Western Australia	-1.5	-0.6	0.1	0.9	2.0
Tasmania	-4.5	-3.2	-1.7	-1.7	-0.9
Northern Territory	5.0	4.4	6.7	8.7	9.1
Australian Capital Territory	-10.5	-10.1	-9.5	-8.2	-7.1
Total (c)	-0.9	0.0	0.8	1.8	2.7

(a) Selected liabilities minus selected assets of the general government sector. A positive sign therefore indicates that selected liabilities exceed selected assets; a negative sign indicates that selected assets exceed selected liabilities.
(b) The sum of all individual state and territory jurisdictions may not agree with the total due to assets and liabilities held between jurisdictions.
(c) Total or aggregate net debt for all jurisdictions is expressed as a percentage of gross state product at current prices.
Sources: ABS, Government Finance Statistics, Cat. no. 5512.0, 2012-13; ABS, Australian National Accounts: State Accounts, Cat, no. 5220.0, 2012-13

6.2 State government fiscal balance

	2008-09	2009-10	2010-11	2011-12	2012-13
General government sector fiscal balance (a) – $ million
New South Wales	-2 799	-2 603	-2 911	-2 013	-2 177
Victoria	-1 593	-2 516	-2 278	-2 320	-2 107
Queensland	-4 395	-6 571	-7 115	-5 557	-7 736
South Australia	- 852	-1 089	-1 403	-1 099	-1 002
Western Australia	- 798	-1 062	- 276	-1 581	-1 853
Tasmania	- 99	- 296	- 444	- 265	- 213
Northern Territory	- 23	- 41	- 549	- 510	- 316
Australian Capital Territory	- 153	- 202	- 311	- 336	- 755
Total (b)	-10 727	-14 382	-15 288	-13 691	-16 159
General government sector fiscal balance – percentage of gross state product
New South Wales	-0.7	-0.6	-0.7	-0.4	-0.5
Victoria	-0.6	-0.9	-0.7	-0.7	-0.6
Queensland	-1.7	-2.6	-2.7	-2.0	-2.7
South Australia	-1.1	-1.3	-1.6	-1.2	-1.1
Western Australia	-0.5	-0.6	-0.1	-0.7	-0.8
Tasmania	-0.5	-1.3	-1.8	-1.1	-0.9
Northern Territory	-0.1	-0.3	-3.1	-2.7	-1.6
Australian Capital Territory	-0.6	-0.7	-1.0	-1.0	-2.2
Total (c)	-0.9	-1.1	-1.1	-0.9	-1.1

(a) The financing requirement of government. A positive sign, or fiscal surplus, indicates a net lending position; a negative sign, or fiscal deficit, indicates a net borrowing position.
(b) The sum of all state and territory jurisdictions may not agree with the total, due to transfers between jurisdictions.
(c) Total or aggregate fiscal balance for all jurisdictions is expressed as a percentage of gross state product.
Sources: ABS, Government Finance Statistics, Cat. no. 5512.0, 2012-13

6.3 State government taxation revenue

	2008-09	2009-10	2010-11	2011-12	2012-13
General government sector taxation revenue – $ million
New South Wales	17 954	19 278	20 548	20 729	22 045
Victoria	12 643	13 771	14 903	15 136	15 630
Queensland	8 923	9 385	9 987	10 616	10 960
South Australia	3 541	3 660	3 843	3 869	4 116
Western Australia	5 498	6 206	6 540	7 052	8 093
Tasmania	804	873	860	888	925
Northern Territory	405	415	397	403	491
Australian Capital Territory	1 015	1 128	1 244	1 183	1 237
Total (a)	50 783	54 716	58 322	59 876	63 497
General government sector taxation revenue per capita - $
New South Wales	2 545	2 698	2 847	2 837	2 975
Victoria	2 354	2 522	2 691	2 687	2 724
Queensland	2 061	2 131	2 231	2 324	2 354
South Australia	2 201	2 249	2 344	2 336	2 464
Western Australia	2 454	2 709	2 779	2 893	3 211
Tasmania	1 594	1 716	1 681	1 734	1 803
Northern Territory	1 792	1 806	1 716	1 708	2 036
Australian Capital Territory	2 861	3 118	3 381	3 153	3 243
Total (b)	2 341	2 484	2 611	2 634	2 745

(a) Total is the sum of taxation revenue of all states, not taxation revenue for Australia.
(b) Total is the quotient of total taxation revenue (a) and the population of Australia. This is not equivalent to the taxation revenue per capita for Australia.
Sources: ABS, Taxation Revenues, Cat. no. 5506.0, 2012-13

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