2012-13 Government Mid-year Financial Projections Statement

2012-13 Government Mid-year Financial Projections StatementGeneral governmentAASB 1049 TO GFS CONVERGENCE DIFFERENCES (CONT.)Net Lending/-Borrowing2011-12 2012-13 2012-13 2013-14 2014-15 2015-16Budget Mid-year Mid-year Mid-year Mid-yearActual Estimate Revision Revision Revision Revision$m $m $m $m $m $mAASB1049 net lending/-borrowing -1,717 -1,735 -1,724 -2,218 -979 412Plus Net operating balance convergence difference (noted above) - - - - - -88GFS net lending/-borrowing -1,717 -1,735 -1,724 -2,218 -979 324Public non-financial corporationsAASB1049 net lending/-borrowing -338 -814 -883 -488 393 560Plus Net operating balance convergence difference (noted above) -734 -800 -824 -827 -1,013 -1,131GFS net lending/-borrowing -1,072 -1,614 -1,707 -1,315 -620 -571Total non-financial public sectorAASB1049 net lending/-borrowing -2,752 -3,307 -3,390 -3,485 -1,545 -108Plus Net operating balance convergence difference (noted above) -37 -42 -42 -48 -54 -139GFS net lending/-borrowing -2,789 -3,349 -3,431 -3,533 -1,599 -247Public financial corporationsAASB1049 net lending/-borrowing -67 201 156 184 165 161Plus Net operating balance convergence difference (noted above) -52 -47 -83 -83 -83 -120GFS net lending/-borrowing -120 155 73 101 83 42Total public sectorAASB1049 net lending/-borrowing -2,872 -3,153 -3,317 -3,384 -1,463 -67Plus Net operating balance convergence difference (noted above) -37 -42 -42 -48 -54 -139GFS net lending/-borrowing -2,909 -3,194 -3,359 -3,432 -1,517 -20692