Australia Yearbook - 2001

Chapter 27—Government finance 935
27.16 LOCAL GOVERNMENTS, Total Public Sector, Balance Sheet—30 June 1999
NSW Vic. Qld. SA WA Tas. NT ACT(a)
Total(b)
$m $m $m $m $m $m $m $m $m
Assets
Financial Assets
Cash and deposits 334 423 758 12 192 60 32 . . 1 811
Advances paid — 4 — — — 4 — . . 7
Investments, loans and placements 2 756 524 257 90 409 79 7 . . 4 122
Other non-equity assets 465 324 237 110 117 45 8 . . 1 306
Equity — 56 — 11 — — — . . 67
Total 3 555 1 332 1 252 222 718 187 47 .. 7 314
Non-financial assets
Land and fixed assets 63 097 22 339 24 775 7 119 9 760 3 751 161 . . 131 003
Other non-financial assets 958 — — — 8 1 — . . 967
Total 64 055 22 339 24 775 7 119 9 768 3 752 161 .. 131 970
Total 67 610 23 671 26 028 7 342 10 486 3 939 208 .. 139 283
Liabilities
Deposits held — 50 — 132 29 3 3 . . 217
Advances received 28 8 — 9 — 1 — . . 47
Borrowing 1 500 630 3 154 189 204 209 18 . . 5 904
Unfunded superannuation liability and
other employee entitlements 642 287 283 66 74 34 — . . 1 386
Other provisions 67 — — 12 7 1 11 . . 99
Other non-equity liabilities 544 289 483 65 132 33 4 . . 1 550
Total 2 781 1 264 3 920 473 446 282 36 .. 9 201
GFS Net Worth 64 829 22 407 22 108 6 868 10 040 3 658 172 .. 130 082
Net debt(c) –1 561 –263 2 138 228 –368 71 –18 . . 227
(a) The ACT has no separate local government. (b) The sums of all individual State jurisdictions may not agree with total State
figures, due to transfers between jurisdictions. (c) Equals deposits held, advances received and borrowing, less cash and deposits,
advances paid and investments, loans and placements.
Source: Government Finance Statistics, Australia, 1998–99 (5512.0)
Taxation revenue
Table 27.17 shows, for the general government
sector, the amount of taxation revenue collected
in Australia during 1998–99 by level of
government and by type of tax. Total taxation
revenue collected in Australia during the period
was $181,282m and comprised 81% of total
revenue. Commonwealth government taxation
revenue was $139,797m and accounted for
77% of total taxation revenue. Total State and
local government taxation revenue was $41,699m,
23% of total taxation revenue. The largest
component of taxation revenue for the
Commonwealth Government was income taxes;
for State and local governments the largest
component was property taxes.