Australian Government, 2011‑12 Budget
Budget

Appendix B: Historical Australian Government Data

This appendix reports historical data for the Australian Government fiscal aggregates across the general government, public non-financial corporations and non-financial public sectors.

Data sources

Data are sourced from Australian Government Final Budget Outcomes, the Australian Bureau of Statistics (ABS) and Australian Government Consolidated Financial Statements.

  • Accrual data from 1996-97 onwards and cash data, net debt data, net financial worth data and net worth data from 1999-2000 onwards are sourced from Australian Government Final Budget Outcomes. Back‑casting adjustments for accounting classification changes and other revisions have been made from 1998‑99 onwards where applicable.
  • Cash data prior to 1999-2000 are sourced from ABS data, which have been calculated using methodology consistent with that used for later years in ABS cat. no. 5512.0 Government Finance Statistics.
  • Net debt data prior to 1999-2000 are from ABS cat. no. 5512.0 Government Finance Statistics 2003-04 in 1998‑99, ABS cat. no. 5501.0 Government Financial Estimates 1999-2000 and ABS cat. no. 5513.0 Public Sector Financial Assets and Liabilities 1998 in 1987-88 to 1997-98, and Treasury estimates (see Treasury’s Economic Roundup, Spring 1996, pages 97-103) prior to 1987-88.

Comparability of data across years

The data set contains a number of structural breaks owing to accounting classification differences and changes to the structure of the budget which cannot be eliminated through back-casting because of data limitations. These breaks can affect the comparability of data across years, especially when the analysis is taken over a large number of years. Specific factors causing structural breaks include:

  • from 2005-06 onwards, underlying Government Finance Statistics (GFS) data are provided by agencies in accordance with Australian Equivalents to International Financial Reporting Standards (AEIFRS). Prior to 2005-06, underlying GFS data are based on data provided by agencies in accordance with Australian Accounting Standards (AAS);
  • most recent accounting classification changes that require revisions to the historical series have been back‑cast (where applicable) to 1998-99, ensuring that data are consistent across the accrual period from 1998‑99 onwards. However, because of data limitations, these changes have not been back-cast to earlier years;
  • prior to 1999-2000, Australian Government general government sector debt instruments are valued at historic cost, whereas from 1999-2000 onwards they are valued at market prices (consistent with accrual GFS standards). This affects net debt and net interest payments;
  • cash data up to and including 1997-98 are calculated under a cash accounting framework, while cash data from 1998-99 onwards are derived from an accrual accounting framework.1 Although the major methodological differences associated with the move to the accrual framework have been eliminated through back-casting, comparisons across the break may still be affected by changes to some data sources and collection methodologies;
  • adjustments in the coverage of agencies included in the accounts of the different sectors. These include the reclassification of Central Banking Authorities from the general government to the public financial corporations sector in 1998-99, and subsequent back-casting to account for this change;
  • changes in arrangements for transfer payments, where tax concessions or rebates have been replaced by payments through the social security system. This has the effect of increasing both cash receipts and payments, as compared with earlier periods, but not changing cash balances. Changes in the opposite direction (tax expenditures replacing payments) reduce both cash payments and receipts; and
  • classification differences in the data relating to the period prior to 1976-77 (which means that earlier data may not be entirely consistent with data for 1976-77 onwards).

Revisions to previously published data

Under the accrual GFS framework and generally under AAS, flows are recorded in the period in which they occurred. As a result, prior period outcomes may be revised for classification changes relating to information that could reasonably have been expected to be known in the past, is material in at least one of the affected periods, and can be reliably assigned to the relevant period(s).

Deflating real spending growth by the Consumer Price Index

The 2011-12 Final Budget Outcome (FBO), including the historical series, calculates real spending growth using the Consumer Price Index (CPI) as the deflator. This is also the benchmark against which the Government’s fiscal strategy is based. Prior to the 2008-09 Budget the non-farm GDP (NFGDP) deflator was used and has therefore been shown in this statement for comparative purposes.

The use of the CPI, rather than the non-farm GDP deflator, provides a more accurate depiction of real government spending growth, especially in the current economic climate. The non-farm GDP deflator incorporates fluctuations in global commodity prices which are not relevant for Government expenditures. Therefore, deflating government spending by the non-farm GDP deflator distorts trends in real spending growth.

Table B1: Australian Government general government sector receipts, payments and underlying cash balance(a)

 

Receipts(b)
 

Payments(c)
  Future
Fund
earnings
  Underlying
cash
balance(d)
 


$m


Per cent
of GDP
 


$m

Per cent
real growth
(CPI)
Per cent
real growth
(NFGDP
deflator)(e)


Per cent
of GDP
 


$m
 


$m


Per cent
of GDP
1970-71 8,290 20.6   7,389 na na 18.3   -   901 2.2
1971-72 9,135 20.5   8,249 4.1 4.7 18.5   -   886 2.0
1972-73 9,735 19.6   9,388 7.7 7.8 18.9   -   348 0.7
1973-74 12,228 20.3   11,078 4.2 3.6 18.4   -   1,150 1.9
1974-75 15,643 22.0   15,463 19.9 14.5 21.7   -   181 0.3
1975-76 18,727 22.5   20,225 15.7 13.5 24.3   -   -1,499 -1.8
1976-77 21,890 22.8   23,157 0.6 1.9 24.1   -   -1,266 -1.3
1977-78 24,019 22.9   26,057 2.7 3.3 24.8   -   -2,037 -1.9
1978-79 26,129 22.0   28,272 0.3 2.8 23.8   -   -2,142 -1.8
1979-80 30,321 22.5   31,642 1.5 2.1 23.5   -   -1,322 -1.0
1980-81 35,993 23.6   36,176 4.6 3.6 23.7   -   -184 -0.1
1981-82 41,499 23.6   41,151 2.9 0.5 23.4   -   348 0.2
1982-83 45,463 24.0   48,810 6.3 6.2 25.8   -   -3,348 -1.8
1983-84 49,981 23.4   56,990 9.4 9.7 26.7   -   -7,008 -3.3
1984-85 58,817 25.0   64,853 9.1 8.4 27.5   -   -6,037 -2.6
1985-86 66,206 25.4   71,328 1.5 3.4 27.4   -   -5,122 -2.0
1986-87 74,724 26.2   77,158 -1.1 0.8 27.0   -   -2,434 -0.9
1987-88 83,491 25.7   82,039 -0.9 -0.3 25.3   -   1,452 0.4
1988-89 90,748 24.7   85,326 -3.1 -4.3 23.2   -   5,421 1.5
1989-90 98,625 24.4   92,684 0.6 1.6 22.9   -   5,942 1.5
1990-91 100,227 24.1   100,665 3.1 3.8 24.2   -   -438 -0.1
1991-92 95,840 22.6   108,472 5.7 6.0 25.6   -   -12,631 -3.0
1992-93 97,633 22.0   115,751 5.6 6.0 26.0   -   -18,118 -4.1
1993-94 103,824 22.2   122,009 3.5 4.3 26.1   -   -18,185 -3.9
1994-95 113,458 22.9   127,619 1.4 2.6 25.7   -   -14,160 -2.9
1995-96 124,429 23.5   135,538 1.9 3.3 25.6   -   -11,109 -2.1
1996-97 133,592 24.0   139,689 1.7 1.5 25.1   -   -6,099 -1.1
1997-98 140,736 23.9   140,587 0.6 -0.6 23.9   -   149 0.0
1998-99 152,063 24.5   148,175 4.1 4.7 23.8   -   3,889 0.6
1999-00 166,199 25.1   153,192 1.0 0.8 23.1   -   13,007 2.0
2000-01 182,996 25.9   177,123 9.1 10.7 25.1   -   5,872 0.8
2001-02 187,588 24.8   188,655 3.5 4.2 25.0   -   -1,067 -0.1
2002-03 204,613 25.5   197,243 1.4 1.6 24.6   -   7,370 0.9
2003-04 217,775 25.3   209,785 3.9 2.9 24.4   -   7,990 0.9
2004-05 235,984 25.6   222,407 3.5 1.9 24.2   -   13,577 1.5
2005-06 255,943 25.7   240,136 4.6 2.8 24.1   51   15,756 1.6
2006-07 272,637 25.2   253,321 2.5 0.6 23.4   2,135   17,182 1.6
2007-08 294,917 25.1   271,843 3.8 2.6 23.1   3,370   19,704 1.7
2008-09 292,600 23.4   316,046 12.7 10.3 25.2   3,633   -27,079 -2.2
2009-10 284,662 22.0   336,900 4.2 5.6 26.0   2,512   -54,750 -4.2
2010-11 302,024 21.6   346,102 -0.4 -3.1 24.7   3,668   -47,746 -3.4
2011-12 329,874 22.5   371,032 4.8 5.4 25.3   2,583   -43,740 -3.0
  1. Data have been revised in the 2011-12 Final Budget Outcome to improve accuracy and comparability through time.
  2. Receipts are equal to receipts from operating activities and sales of non-financial assets.
  3. Payments are equal to payments for operating activities, purchases of non-financial assets and net acquisition of assets under finance leases.
  4. Underlying cash balance is equal to receipts less payments, less Future Fund earnings. For the purposes of consistent comparison with years prior to 2005-06, Future Fund earnings should be added back to the underlying cash balance.
  5. Real spending growth using the Consumer Price Index as the deflator is the benchmark against which the Government’s fiscal strategy has been based since it was introduced. Real spending growth using the non-farm GDP deflator is included for comparative purposes only.

Table B2: Australian Government general government sector taxation receipts, non-taxation receipts and total receipts(a)

  Taxation receipts   Non-taxation receipts   Total receipts(b)
 
$m
Per cent
of GDP
 
$m
Per cent
of GDP
 
$m
Per cent
of GDP
1970-71 7,193 17.8   1,097 2.7   8,290 20.6
1971-72 7,895 17.8   1,240 2.8   9,135 20.5
1972-73 8,411 16.9   1,324 2.7   9,735 19.6
1973-74 10,832 18.0   1,396 2.3   12,228 20.3
1974-75 14,141 19.9   1,502 2.1   15,643 22.0
1975-76 16,920 20.3   1,807 2.2   18,727 22.5
1976-77 19,714 20.5   2,176 2.3   21,890 22.8
1977-78 21,428 20.4   2,591 2.5   24,019 22.9
1978-79 23,409 19.7   2,720 2.3   26,129 22.0
1979-80 27,473 20.4   2,848 2.1   30,321 22.5
1980-81 32,641 21.4   3,352 2.2   35,993 23.6
1981-82 37,880 21.6   3,619 2.1   41,499 23.6
1982-83 41,025 21.7   4,438 2.3   45,463 24.0
1983-84 44,849 21.0   5,132 2.4   49,981 23.4
1984-85 52,970 22.5   5,847 2.5   58,817 25.0
1985-86 58,841 22.6   7,365 2.8   66,206 25.4
1986-87 66,467 23.3   8,257 2.9   74,724 26.2
1987-88 75,076 23.1   8,415 2.6   83,491 25.7
1988-89 83,452 22.7   7,296 2.0   90,748 24.7
1989-90 90,773 22.4   7,852 1.9   98,625 24.4
1990-91 92,739 22.3   7,488 1.8   100,227 24.1
1991-92 87,364 20.6   8,476 2.0   95,840 22.6
1992-93 88,760 20.0   8,873 2.0   97,633 22.0
1993-94 93,362 20.0   10,462 2.2   103,824 22.2
1994-95 104,921 21.1   8,537 1.7   113,458 22.9
1995-96 115,700 21.8   8,729 1.6   124,429 23.5
1996-97 124,559 22.4   9,033 1.6   133,592 24.0
1997-98 130,984 22.2   9,752 1.7   140,736 23.9
1998-99 138,420 22.3   13,643 2.2   152,063 24.5
1999-00 151,313 22.9   14,887 2.2   166,199 25.1
2000-01 170,354 24.1   12,641 1.8   182,996 25.9
2001-02 175,108 23.2   12,481 1.7   187,588 24.8
2002-03 192,131 24.0   12,482 1.6   204,613 25.5
2003-04 206,091 24.0   11,683 1.4   217,775 25.3
2004-05 223,314 24.2   12,669 1.4   235,984 25.6
2005-06 241,215 24.2   14,728 1.5   255,943 25.7
2006-07 257,392 23.8   15,245 1.4   272,637 25.2
2007-08 278,376 23.7   16,540 1.4   294,917 25.1
2008-09 272,627 21.8   19,973 1.6   292,600 23.4
2009-10 260,973 20.2   23,689 1.8   284,662 22.0
2010-11 280,839 20.1   21,185 1.5   302,024 21.6
2011-12 309,943 21.1   19,931 1.4   329,874 22.5
  1. Data have been revised in the 2011-12 Final Budget Outcome to improve accuracy and comparability through time.
  2. Receipts are equal to receipts from operating activities and sales of non-financial assets.

Table B3: Australian Government general government sector net debt and net interest payments(a)

  Net debt(b)   Net interest payments(c)
 
$m
Per cent
of GDP
 
$m
Per cent
of GDP
1970-71 344 0.9   -189 -0.5
1971-72 -496 -1.1   -245 -0.6
1972-73 -790 -1.6   -252 -0.5
1973-74 -1,851 -3.1   -286 -0.5
1974-75 -1,901 -2.7   -242 -0.3
1975-76 -341 -0.4   -330 -0.4
1976-77 898 0.9   -62 -0.1
1977-78 2,896 2.8   4 0.0
1978-79 4,983 4.2   254 0.2
1979-80 6,244 4.6   440 0.3
1980-81 6,356 4.2   620 0.4
1981-82 5,919 3.4   680 0.4
1982-83 9,151 4.8   896 0.5
1983-84 16,015 7.5   1,621 0.8
1984-85 21,896 9.3   2,813 1.2
1985-86 26,889 10.3   3,952 1.5
1986-87 29,136 10.2   4,762 1.7
1987-88 27,344 8.4   4,503 1.4
1988-89 21,981 6.0   4,475 1.2
1989-90 16,123 4.0   4,549 1.1
1990-91 16,915 4.1   3,636 0.9
1991-92 31,041 7.3   3,810 0.9
1992-93 55,218 12.4   3,986 0.9
1993-94 70,223 15.0   5,628 1.2
1994-95 83,492 16.8   7,292 1.5
1995-96 95,831 18.1   8,861 1.7
1996-97 96,281 17.3   9,489 1.7
1997-98 82,935 14.1   8,279 1.4
1998-99 72,065 11.6   8,649 1.4
1999-00 53,869 8.1   7,514 1.1
2000-01 42,719 6.0   6,195 0.9
2001-02 38,180 5.1   5,352 0.7
2002-03 29,047 3.6   3,758 0.5
2003-04 22,639 2.6   3,040 0.4
2004-05 10,741 1.2   2,502 0.3
2005-06 -4,531 -0.5   2,303 0.2
2006-07 -29,150 -2.7   228 0.0
2007-08 -44,820 -3.8   -1,015 -0.1
2008-09 -16,148 -1.3   -1,196 -0.1
2009-10 42,283 3.3   2,386 0.2
2010-11 84,551 6.0   4,608 0.3
2011-12 147,334 10.0   6,609 0.4
  1. Data have been revised in the 2011-12 Final Budget Outcome to improve accuracy and comparability through time.
  2. Net debt is equal to the sum of deposits held, advances received, government securities, loans and other borrowing, minus the sum of cash and deposits, advances paid and investments, loans and placements.
  3. Net interest payments are equal to the difference between interest paid and interest receipts.

Table B4: Australian Government general government sector revenue, expenses, net capital investment and fiscal balance(a)

  Revenue   Expenses   Net capital investment   Fiscal balance(b)
 
$m
Per cent
of GDP
 
$m
Per cent
of GDP
 
$m
Per cent
of GDP
 
$m
Per cent
of GDP
1996-97 141,688 25.4   145,821 26.2   90 0.0   -4,223 -0.8
1997-98 146,820 24.9   148,652 25.2   147 0.0   -1,979 -0.3
1998-99 152,106 24.5   146,772 23.6   1,433 0.2   3,901 0.6
1999-00 167,304 25.3   155,558 23.5   -69 0.0   11,815 1.8
2000-01 186,110 26.3   180,094 25.5   8 0.0   6,007 0.8
2001-02 190,488 25.2   193,041 25.6   382 0.1   -2,935 -0.4
2002-03 206,923 25.8   201,259 25.1   287 0.0   5,377 0.7
2003-04 222,168 25.8   215,361 25.1   660 0.1   6,148 0.7
2004-05 242,507 26.3   229,245 24.9   1,034 0.1   12,228 1.3
2005-06 261,238 26.3   242,173 24.3   2,498 0.3   16,568 1.7
2006-07 278,411 25.7   259,156 23.9   2,333 0.2   16,922 1.6
2007-08 303,729 25.8   280,107 23.8   2,593 0.2   21,029 1.8
2008-09 298,933 23.9   324,557 25.9   4,064 0.3   -29,688 -2.4
2009-10 292,767 22.6   340,035 26.3   6,433 0.5   -53,701 -4.2
2010-11 309,890 22.1   356,100 25.5   5,297 0.4   -51,506 -3.7
2011-12 338,109 23.0   377,739 25.7   4,850 0.3   -44,481 -3.0
  1. Data have been revised in the 2011-12 Final Budget Outcome to improve accuracy and comparability through time.
  2. Fiscal balance is equal to revenue less expenses less net capital investment.

Table B5: Australian Government general government sector net worth and net financial worth(a)

  Net worth(b)   Net financial worth(c)
 
$m
Per cent
of GDP
 
$m
Per cent
of GDP
1999-00 -7,046 -1.1   -68,178 -10.3
2000-01 -6,618 -0.9   -73,097 -10.3
2001-02 -11,655 -1.5   -79,012 -10.5
2002-03 -15,330 -1.9   -84,645 -10.6
2003-04 -1,152 -0.1   -74,159 -8.6
2004-05 14,556 1.6   -60,257 -6.5
2005-06 17,971 1.8   -63,440 -6.4
2006-07 46,351 4.3   -39,976 -3.7
2007-08 70,859 6.0   -18,070 -1.5
2008-09 19,427 1.6   -74,094 -5.9
2009-10 -45,938 -3.6   -147,168 -11.4
2010-11 -95,386 -6.8   -200,810 -14.4
2011-12 -247,208 -16.8   -358,329 -24.4
  1. Data have been revised in the 2011-12 Final Budget Outcome to improve accuracy and comparability through time.
  2. Net worth is equal to total assets less liabilities.
  3. Net financial worth is equal to financial assets less liabilities.

Table B6: Australian Government general government sector accrual taxation revenue, non-taxation revenue and total revenue(a)

  Taxation revenue   Non-taxation revenue   Total revenue
 
$m
Per cent
of GDP
 
$m
Per cent
of GDP
 
$m
Per cent
of GDP
1999-00 153,408 23.2   13,896 2.1   167,304 25.3
2000-01 175,881 24.9   10,228 1.4   186,110 26.3
2001-02 178,210 23.6   12,278 1.6   190,488 25.2
2002-03 195,203 24.4   11,720 1.5   206,923 25.8
2003-04 209,959 24.4   12,209 1.4   222,168 25.8
2004-05 229,943 25.0   12,564 1.4   242,507 26.3
2005-06 245,716 24.7   15,522 1.6   261,238 26.3
2006-07 262,511 24.2   15,900 1.5   278,411 25.7
2007-08 286,229 24.3   17,500 1.5   303,729 25.8
2008-09 278,653 22.3   20,280 1.6   298,933 23.9
2009-10 268,000 20.7   24,767 1.9   292,767 22.6
2010-11 289,005 20.7   20,885 1.5   309,890 22.1
2011-12 316,779 21.6   21,330 1.5   338,109 23.0
  1. Data have been revised in the 2011-12 Final Budget Outcome to improve accuracy and comparability through time.

Table B7: Australian Government cash receipts, payments and surplus by institutional sector ($m)(a)

  General government   Public non-financial corporations   Non-financial public sector
 

Receipts(b)


Payments(c)
Underlying
cash
balance(d)
 

Receipts(b)


Payments(c)
Cash
surplus(d)
 

Receipts(b)


Payments(c)
Underlying
cash
balance(d)
1988-89 90,748 85,326 5,421   4,177 6,035 257   93,923 90,312 5,678
1989-90 98,625 92,684 5,942   3,926 11,322 -5,261   101,495 102,883 681
1990-91 100,227 100,665 -438   4,804 9,351 -2,139   103,837 108,808 -2,577
1991-92 95,840 108,472 -12,631   3,899 7,713 101   97,937 114,369 -12,530
1992-93 97,633 115,751 -18,118   4,385 7,819 -196   100,512 122,042 -18,314
1993-94 103,824 122,009 -18,185   5,178 6,476 1,482   106,747 126,214 -16,703
1994-95 113,458 127,619 -14,160   5,262 7,318 1,956   116,751 132,965 -12,204
1995-96 124,429 135,538 -11,109   4,927 8,190 -527   126,593 140,963 -11,636
1996-97 133,592 139,689 -6,099   4,782 7,373 473   135,259 143,948 -5,626
1997-98 140,736 140,587 149   6,238 7,923 1,119   144,517 145,985 1,268
1998-99 152,063 148,175 3,889   na na -353   na na 3,536
1999-00 166,199 153,192 13,007   na na -2,594   na na 10,413
2000-01 182,996 177,123 5,872   na na 391   na na 6,264
2001-02 187,588 188,655 -1,067   na na 1,210   na na 143
2002-03 204,613 197,243 7,370   27,386 26,105 1,280   na na 8,650
2003-04 217,775 209,785 7,990   27,718 26,142 1,575   238,236 227,099 9,564
2004-05 235,984 222,407 13,577   29,621 28,071 1,550   257,946 241,577 15,128
2005-06 255,943 240,136 15,756   30,875 31,874 -999   278,254 263,445 14,758
2006-07 272,637 253,321 17,182   16,882 18,641 -1,759   285,336 267,778 15,423
2007-08 294,917 271,843 19,704   7,758 8,232 -473   300,503 277,903 19,231
2008-09 292,600 316,046 -27,079   7,987 8,960 -973   297,421 321,841 -28,052
2009-10 284,662 336,900 -54,750   8,419 9,341 -922   290,681 343,841 -55,672
2010-11 302,024 346,102 -47,746   8,558 9,733 -1,175   308,258 353,511 -48,920
2011-12 329,874 371,032 -43,740   8,845 10,847 -2,002   336,122 379,282 -45,742
  1. Data have been revised in the 2011-12 Final Budget Outcome to improve accuracy and comparability through time.
  2. Receipts are equal to receipts from operating activities and sales of non-financial assets.
  3. Payments are equal to payments for operating activities, purchases of non-financial assets and net acquisition of assets under finance leases.
  4. These items exclude Future Fund earnings from 2005-06 onwards. Future Fund earnings are shown in Table B1.

na Data not available.

Table B8: Australian Government accrual revenue, expenses and fiscal balance by institutional sector ($m)(a)

  General government   Public non-financial corporations   Non-financial public sector
 
Revenue

Expenses
Fiscal
balance(b)
 
Revenue

Expenses
Fiscal
balance(b)
 
Revenue

Expenses
Fiscal
balance(b)
1996-97 141,688 145,821 -4,223   27,431 26,015 -331   na na -4,554
1997-98 146,820 148,652 -1,979   29,618 26,999 2,360   na na 387
1998-99 152,106 146,772 3,901   27,687 26,088 -816   175,891 168,963 3,080
1999-00 167,304 155,558 11,815   25,485 23,542 1,062   188,841 173,889 12,983
2000-01 186,110 180,094 6,007   25,869 24,762 -826   207,372 200,184 5,248
2001-02 190,488 193,041 -2,935   26,638 25,341 793   212,518 213,693 -2,060
2002-03 206,923 201,259 5,377   24,339 22,916 1,975   226,135 219,129 7,314
2003-04 222,168 215,361 6,148   25,449 23,444 2,143   241,873 233,077 8,275
2004-05 242,507 229,245 12,228   26,965 25,191 1,473   263,587 248,549 13,703
2005-06 261,238 242,173 16,568   28,143 29,531 -2,442   282,597 264,923 14,121
2006-07 278,411 259,156 16,922   15,443 16,360 -1,763   290,067 271,735 15,153
2007-08 303,729 280,107 21,029   6,854 6,686 -584   309,215 285,426 20,443
2008-09 298,933 324,557 -29,688   6,998 7,576 -1,495   303,733 329,948 -31,195
2009-10 292,767 340,035 -53,701   7,288 7,297 -1,079   298,412 344,893 -53,985
2010-11 309,890 356,100 -51,506   7,563 7,787 -1,446   315,688 362,122 -52,952
2011-12 338,109 377,739 -44,481   8,046 8,238 -2,158   344,507 384,329 -46,639
  1. Data have been revised in the 2011-12 Final Budget Outcome to improve accuracy and comparability through time.
  2. Fiscal balance is equal to revenue less expenses less net capital investment. Net capital investment is not shown in this table.

na Data not available.


1 Prior to the 2008‑09 Budget, cash data calculated under the cash accounting framework was used up to and including 1998‑99. In the 2008‑09 Budget, cash data prior to 1998‑99 have been replaced by ABS data derived from the accrual framework.

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