6.1 State government net debt

(a) Selected liabilities minus selected assets of the general government sector. A positive sign therefore indicates that selected liabilities exceed selected assets; a negative sign indicates that selected assets exceed selected liabilities.
(b) Total or aggregate net debt for all jurisdictions is expressed as a percentage of gross state product at current prices.
Note: The 2014-15 Government Finance Statistics will be published in May 2016.
Sources: ABS, Government Finance Statistics, 2013–14, cat. no. 5512.0; ABS, Australian National Accounts: State Accounts, 2013–14, cat, no. 5220.0

6.2 State government fiscal balance

(a) The financing requirement of government. A positive sign, or fiscal surplus, indicates a net lending position; a negative sign, or fiscal deficit, indicates a net borrowing position.
(b) The sum of all state and territory jurisdictions may not agree with the total, due to transfers between jurisdictions.
(c) Total or aggregate fiscal balance for all jurisdictions is expressed as a percentage of gross state product.
Note: The 2014-15 Government Finance Statistics will be published in May 2016.
Sources: ABS, Government Finance Statistics, 2013–14, cat. no. 5512.0

6.3 State government taxation revenue

(a) Total is the sum of taxation revenue of all states, not taxation revenue for Australia.
(b) Total is the quotient of total taxation revenue (a) and the population of Australia. This is not equivalent to the taxation revenue per capita for Australia.
Note: The 2014-15 Taxation Revenue publication will be released in May 2016
Source: ABS, Taxation Revenue, 2013–14, cat. no. 5506.0

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