Government Finance Statistics, Australia

Latest release

Statistics about finances of the general government and public non-financial corporations sectors for the various levels of government in Australia

Reference period

March 2025

Released

3/06/2025

Key statistics

In March quarter 2025:

general government net operating balance rose $2.9b to -$0.7b, since December quarter 2024
taxation revenue declined 3.0% to $206.9b, since December quarter 2024
general government borrowing was $13.2b
total public demand is expected to contribute -0.1ppt to the quarterly change in GDP

Unless indicated, all Government Finance Statistics figures presented in this publication are current prices, original series.

Included in this publication is an Insights into Government Finance Statistics, March 2025, which examines the key stories and economic narratives of the March quarter 2025 Government Finance Statistics data.

Government Finance Statistics measures

		Jun Qtr 2024	Sep Qtr 2024	Dec Qtr 2024	Mar Qtr 2025	Dec Qtr 2024 to Mar Qtr 2025
		($m)	($m)	($m)	($m)	(% change)
Taxation revenue
	General government	226,859	187,613	213,288	206,911	-3.0%
Total revenue
	General government	270,125	231,676	252,184	250,101	-0.8%
	Public non-financial corporations	32,138	29,805	30,141	30,467	1.1%
Total expenses
	General government	255,770	250,596	255,743	250,785	-1.9%
	Public non-financial corporations	31,010	29,615	30,162	29,527	-2.1%
GFS Net Operating Balance
	General government	14,355	-18,921	-3,559	-685	na
	Public non-financial corporations	1,128	190	-21	940	na
GFS Net Lending (+)/Borrowing (-)
	General government	-6,818	-30,955	-18,970	-13,221	na
	Public non-financial corporations	-7,188	-7,061	-8,030	-4,159	na

na indicates this value not available for publication but included in totals where applicable, unless otherwise indicated

Net operating balance of all levels of general government
	Revenue ($b)	Expenses ($b)	Net Operating Balance ($b)
Mar-24	236.9	-232.6	4.3
Jun-24	270.1	-255.8	14.4
Sep-24	231.7	-250.6	-18.9
Dec-24	252.2	-255.7	-3.6
Mar-25	250.1	-250.8	-0.7

Net operating balance of all levels of general government

["","Revenue","Expenses","Net Operating Balance"]

[["Mar-24","Jun-24","Sep-24","Dec-24","Mar-25"],[[236.90000000000001],[270.10000000000002],[231.69999999999999],[252.19999999999999],[250.09999999999999]],[[-232.59999999999999],[-255.80000000000001],[-250.59999999999999],[-255.69999999999999],[-250.80000000000001]],[[4.2999999999999998],[14.4],[-18.899999999999999],[-3.6000000000000001],[-0.69999999999999996]]]

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National accounts public sector measures

The table below includes the key public sector aggregates for March quarter 2025 which will be included in the Australian National Accounts: National Income, Expenditure and Product release. The key figures shown include Total Public Demand, Government Final Consumption Expenditure for total general government and Gross Fixed Capital Formation for total general government and total public corporations, seasonally adjusted in current prices and chain volume terms.

The following are the seasonally adjusted chain volume measures based on the previous quarter (a):

public sector demand is expected to contribute -0.1 percentage points to the change in GDP in March quarter 2025
general government final consumption expenditure fell $69m (down 0.0%) and is expected to contribute 0.0 percentage points to the change in GDP in March quarter 2025
general government gross fixed capital formation rose $138m (up 0.5%)
public corporations gross fixed capital formation fell $892m (down 7.8%)
total public gross fixed capital formation fell $755m (down 2.0%) and is expected to contribute -0.1 percentage points to the change in GDP in March quarter 2025

Contributions may not be additive due to rounding

Quarterly national accounts public sector measures, current prices, seasonally adjusted
			Jun Qtr 2024 ($m)	Sep Qtr 2024 ($m)	Dec Qtr 2024 ($m)	Mar Qtr 2025 ($m)	Dec Qtr 2024 to Mar Qtr 2025 (% change)
General government final consumption expenditure (a)
	National-defence		11,955	12,226	12,540	12,893	2.8
	National-non-defence		60,348	61,318	62,357	62,951	1.0
	Total national		72,303	73,543	74,897	75,844	1.3
	State and local		80,865	83,461	84,716	85,085	0.4
	Total general government final consumption expenditure		153,168	157,004	159,613	160,929	0.8
Public gross fixed capital formation
	General government
		National-defence	3,513	4,554	3,872	4,337	12.0
		National-non-defence	2,848	3,052	2,929	3,094	5.6
		Total national	6,361	7,606	6,801	7,431	9.3
		State and local	20,085	20,705	21,317	21,139	-0.8
		Total general government	26,446	28,311	28,119	28,570	1.6
	Public corporations
		Commonwealth	2,680	2,782	2,907	2,795	-3.8
		State and local	7,851	8,532	9,221	8,457	-8.3
		Total public corporations	10,531	11,314	12,129	11,253	-7.2
	Total public gross fixed capital formation		36,977	39,625	40,247	39,822	-1.1
Total public demand			190,146	196,630	199,861	200,751	0.4
Memorandum item
	Net purchases of second hand assets by public sector		837	1,345	1,170	1,286	9.9
	Public authorities changes in inventories (b)		1,217	996	1,021	261	na

na not available for publication but included in totals where applicable, unless otherwise indicated

See explanatory notes for the relationship between general government final consumption expenditure and GFS aggregates Government Finance Statistics, Australia methodology, March 2025.
Includes general government, public non-financial corporations and public financial corporations

Quarterly national accounts public sector measures, chain volume (a), seasonally adjusted
			Jun Qtr 2024 ($m)	Sep Qtr 2024 ($m)	Dec Qtr 2024 ($m)	Mar Qtr 2025 ($m)	Dec Qtr 2024 to Mar Qtr 2025 (% change)
General government final consumption expenditure (b)
	National-defence		11,236	11,401	11,599	11,748	1.3
	National-non-defence		56,551	57,039	57,326	57,380	0.1
	Total national		67,787	68,440	68,925	69,129	0.3
	State and local		76,440	78,256	78,607	78,335	-0.3
	Total general government final consumption expenditure		144,227	146,696	147,532	147,463	0.0
Public gross fixed capital formation
	General government
		National-defence	3,348	4,399	3,655	3,942	7.8
		National-non-defence	2,745	2,936	2,806	2,957	5.4
		Total national	6,093	7,336	6,460	6,899	6.8
		State and local	18,801	19,250	19,696	19,394	-1.5
		Total general government	24,894	26,586	26,156	26,294	0.5
	Public corporations
		Commonwealth	2,563	2,650	2,760	2,641	-4.3
		State and local	7,453	8,061	8,682	7,908	-8.9
		Total public corporations	10,016	10,711	11,441	10,549	-7.8
	Total public gross fixed capital formation		34,909	37,297	37,598	36,843	-2.0
Total public demand			179,136	183,993	185,129	184,306	-0.4
Memorandum item
	Net purchases of second hand assets by public sector		771	1,236	1,066	1,168	9.5
	Public authorities changes in inventories (c)		735	1,285	94	-548	na

na not available for publication but included in totals where applicable, unless otherwise indicated

Reference year for chain volume measures is 2022-23
See explanatory notes for the relationship between general government final consumption expenditure and GFS aggregates Government Finance Statistics, Australia methodology, March 2025.
Includes general government, public non-financial corporations and public financial corporations

Public demand contribution to GDP growth

Public demand, contribution to GDP growth (a) (b)
	Gov final consumption expenditure (ppt)	Gov gross fixed capital formation (ppt)
Mar-22	0.6	0.1
Jun-22	-0.1	0.1
Sep-22	0.0	0.0
Dec-22	0.1	0.0
Mar-23	0.0	0.2
Jun-23	0.2	0.2
Sep-23	0.3	0.2
Dec-23	0.1	-0.1
Mar-24	0.3	0.0
Jun-24	0.3	0.0
Sep-24	0.4	0.4
Dec-24	0.1	0.0
Mar-25	0.0	-0.1

Public demand, contribution to GDP growth (a) (b)

["","Gov final consumption expenditure","Gov gross fixed capital formation"]

[["Mar-22","Jun-22","Sep-22","Dec-22","Mar-23","Jun-23","Sep-23","Dec-23","Mar-24","Jun-24","Sep-24","Dec-24","Mar-25"],[[0.59999999999999998],[-0.10000000000000001],[0],[0.10000000000000001],[0],[0.20000000000000001],[0.29999999999999999],[0.10000000000000001],[0.29999999999999999],[0.29999999999999999],[0.40000000000000002],[0.10000000000000001],[0]],[[0.10000000000000001],[0.10000000000000001],[0],[0],[0.20000000000000001],[0.20000000000000001],[0.20000000000000001],[-0.10000000000000001],[0],[0],[0.40000000000000002],[0],[-0.10000000000000001]]]

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Chain volume measures seasonally adjusted
using the GDP series as published in the December 2024 release of Australian National Accounts: National Income, Expenditure and Product

Revisions and changes

Revisions

Divergences with government fiscal reporting

Previous catalogue number

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