Saturday, May 5

Australian Government Financial Statements for March

Yesterday the Department of Finance and Deregulation released the monthly financial statements for March. These data line up with table e01 from the RBA (which is updated on an irregular schedule). I  dropped the latest DOFD figures into table e01 to produce today's graphs.

It was not the news the Government would have been looking for. Expenses for the month ran at $30.1 billion. Revenue was $22.4 billion. The 12 month rolling total evinced a widening gap between revenue and expenditure.

The rolling total for company tax is down for the second month running.

Individual taxes have grown at a slower rate.

From the above, not surprising that the underlying cash balance has edged out a little.

1 comment:

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