The ABS today [Tue 4.6.2013] released the Government Finance Statistics, March Quarter 2013. In the March quarter 2013, the stats show: Taxation revenue decreased 2.9% to id=”mce_marker”02.5bn, General government sector expenditure exceeded revenue resulting in a GFS net operating balance of -$4,676m and The GFS net lending(+)/borrowing(-) position for the general government sector was -$7,967m.
[FJM Note: I’m not sure if this decrease is over the same period in 2012, or over the previous quarter?]
[LTN 106, 4/6/13]