This dataset provides historical data for the major fiscal aggregates. Wherever possible, adjustments have been made to make the historical series consistent with the current accounting framework used by the State of Victoria. For instance, all historical accounting based tables have been presented in the format adopted under Australian Accounting Standards, and Government Finance Statistics aggregates (General Purpose Classification) have been converted to an accruals basis. Despite the historical operating statement and cash flow statement being revised back to 2004-05 for consistency with AASB 1049 Whole of Government and General Government Sector Financial Reporting, some breaks in the series remain.

This spreadsheet provides historical data for the major fiscal aggregates. Wherever possible, adjustments have been made to make the historical series consistent with the current accounting framework used by the State of Victoria. For instance, all historical accounting based tables have been presented in the format adopted under Australian Accounting Standards (AAS), and Government Financial Statistics (GFS) aggregates (General Purpose Classification) have been converted to an accruals basis. Also, the historical operating statement and cash flow statement have been revised back to 2004-05 for consistency with AASB 1049 Whole of Government and General Government Sector Financial Reporting. However, some breaks in series remain.

This spreadsheet provides historical data for the balance sheet. This information is consistent with AASB 1049 Whole of Government and General Government Sector Financial Reporting. The Balance Sheet shows the general government sector net debt and net financial liabilities and is presented in compliance with AASB 1049.

This spreadsheet provides historical data for the balance sheet. This information is consistent with AASB 1049 Whole of Government and General Government Sector Financial Reporting. The Balance Sheet shows the general government sector net debt and net financial liabilities from 2005 and is presented in compliance with AASB 1049.

This data contains general government sector operating expenses, sourced from the Australian Bureau of Statistics historical data and the Department of Treasury and Finance, categorised by ‘government purpose classification’ (GPC) and ‘classification of the functions of government’ (COFOG).

This data contains general government sector operating expenses, sourced from the Australian Bureau of Statistics historical data and the Department of Treasury and Finance, categorised by ‘government purpose classification’ (GPC) and ‘classification of the functions of government’ (COFOG). The Australian system of Government Finance Statistics (GFS) was revised by the Australian Bureau of Statistics, with the release of the Australian System of Government Finance Statistics: Concepts, Sources and Methods 2015 Cat. No. 5514.0. Implementation of the updated GFS manual has resulted in the COFOG framework replacing the former GPC framework, with effect from the 2018-19 financial year for financial reporting under AASB 1049. The underlying data from 1961-62 to 1997-98 represents a conversion from the original cash series to an accruals basis by estimating depreciation and superannuation expenses based on statistical modelling. Although the conversion provides a basis for comparison with total expenses in the current series of accrual GFS information from 1998 (in the attached table), the estimated accrued expense items have not been apportioned to individual purpose classifications. The absence of these splits between functional classifications in the attached table data therefore represents a break in the series and it is not possible to compare individual purpose categories with those in other tables. Similarly, the transition from GPC to COFOG represents an additional break in the series and comparability between the two frameworks will not be possible. The key reporting changes from GPC to COFOG are as follows: the number of categories has reduced from 12 under GPC to 10 under COFOG; the fuel and energy, agriculture, forestry, fishing and hunting categories have been abolished and are now part of the new economic affairs category. The majority of the outputs in other economic affairs are also included in this new category; public debt transactions have moved from the other purposes category (i.e. primarily interest expense on borrowings) to general public services category; a new environmental protection category was created to include functions such as waste management, water waste management, pollution and production of biodiversity and landscape, which were previously classified under housing and community amenities category, as well as national and state parks functions from the recreation and culture category; and housing functions such as housing assistance and housing concessions are now part of the social protection category

Historical data, some going back 20 to 40 years for major fiscal aggregates. Wherever possible, adjustments have been made to make the historical series consistent with the forward estimates. Historical and forward estimates financial statements - general government sector All historical accounting based tables have been presented in the format adopted under Australian equivalent to International Financial Reporting Standards (A-IFRS), and Government Finance Statistics (GFS) statistical aggregates have been converted to an accruals basis. The historical operating statement and cash flow statement have also been revised back to 2004-05 for consistency with AASB 1049 Whole of Government and General Government Sector Financial Reporting. However, some breaks in series remain. Additionally, several new accounting standards issued by the Australian Accounting Standards Board (AASB) have been applied for the first time from 2019-20 onwards. These accounting standards include AASB 1059 Service Concession Arrangements: Grantor (Service Concession Arrangements), AASB 16 Leases (Leases), AASB 15 Revenue from Contracts with Customers and AASB 1058 Income of Not-for-Profit Entities (Revenue). All data sets incorporate financial information published in the 2019-20 Financial Report, 2020-21 Budget and 2021-22 Budget.

This spreadsheet provides historical data for the balance sheet. This information is consistent with AASB 1049 Whole of Government and General Government Sector Financial Reporting. The Balance Sheet shows the general government sector net debt and net financial liabilities from 2005 and is presented in compliance with AASB 1049.

This dataset contains general government sector operating expenses, sourced from Australian Bureau of Statistics historical data, classified by government purpose. The underlying data from 1961-62 to 1997-98 represent a conversion from the original cash series to an accruals basis by estimating depreciation and superannuation expenses based on statistical modelling.

This dataset contains general government sector operating expenses, sourced from Australian Bureau of Statistics historical data, classified by government purpose. The underlying data represent a conversion from the original cash series to an accruals basis by estimating depreciation and superannuation expenses based on statistical modelling.