PGPA Glossary
Grant Connect service statistics
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| FOI Title | Grant Connect service statistics |
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Finance Vehicles
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| FOI Title | Finance Vehicles |
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Finance Diversity Strategies
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| FOI Title | Finance Diversity Strategies |
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List of invoices for services to parliamentarians
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| FOI Title | List of invoices for services to parliamentarians |
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Property Accessibility Assessment Tool wins the 2025 Corporate Collaborators award
We are proud to share that the Finance-developed Property Accessibility Assessment Tool (PAAT) recently won the 2025 Corporate Collaborators award at the Public Sector Neurodiversity Excellence Awards.
The award recognises the Property Policy and Strategic Communications team’s efforts advancing neuro-inclusion within the public sector, and the potential of the tool to influence accessibility practices both across and beyond the public service.
Senator the Hon Katy Gallagher
Minister for Finance
Minister for Women
Minister for the Public Service
Minister for Government Services
KG 32/25
Friday, 28 November 2025
KEY POINTS
- The Monthly Financial Statements for October 2025 report the budget position against the expected monthly profile for the 2025‑26 financial year through to 31 October 2025, based on the 2025‑26 estimates published in the 2025‑26 Budget in March 2025.
- The underlying cash balance for the 2025‑26 financial year to 31 October 2025 was a deficit of $32.9 billion.
- The fiscal balance for the 2025‑26 financial year to 31 October 2025 was a deficit of $30.4 billion.
| AGGREGATES(a) |
ACTUAL 2025-2026 October $b |
ACTUAL 2025-2026 YTD October $b |
Budget Profile 2025-2026 YTD October $b |
BUDGET ESTIMATE* 2025-2026 FULL YEAR $b |
|---|---|---|---|---|
| Receipts(b) | 57.9 | 227.1 | 219.1 | 735.4 |
| Payments(c) | 69.3 | 260.0 | 258.6 | 777.5 |
| Underlying cash balance | -11.4 | -32.9 | -39.5 | -42.1 |
| Headline cash balance | -12.5 | -35.7 | -44.6 | -65.2 |
| Revenue | 61.4 | 231.8 | 226.6 | 750.3 |
| Expenses | 66.4 | 259.3 | 261.3 | 785.7 |
| Net operating balance | -4.9 | -27.6 | -34.7 | -35.4 |
| Net capital investment | 1.4 | 2.9 | 1.5 | 8.8 |
| Fiscal balance | -6.3 | -30.4 | -36.2 | -44.2 |
| Total assets | 920.7 | 906.1 | ||
| Total liabilities | 1,551.4 | 1,527.9 | ||
| Net worth(d) | -630.7 | -621.8 | ||
| Net debt(e) | 564.2 | 620.3 |
Australian Government general government sector operating statement
| Note |
ACTUAL 2025-2026 October $m |
ACTUAL 2025-2026 YTD October $m |
Budget Profile 2025-2026 YTD October $m |
BUDGET ESTIMATE* 2025-2026 FULL YEAR $m |
|
|---|---|---|---|---|---|
| Revenue | |||||
| Taxation revenue | 1,2 | 55,229 | 211,630 | 207,013 | 694,304 |
| Sales of goods and services | 3,773 | 9,660 | 9,344 | 22,256 | |
| Interest income | 706 | 2,858 | 2,950 | 10,619 | |
| Dividend and distribution income | 519 | 2,204 | 2,511 | 7,434 | |
| Other | 1,198 | 5,415 | 4,810 | 15,648 | |
| Total revenue | 61,425 | 231,766 | 226,627 | 750,262 | |
| Expenses | |||||
| Gross operating expenses | |||||
| Wages and salaries(a) | 2,675 | 10,445 | 10,191 | 30,450 | |
| Superannuation | 791 | 3,117 | 2,952 | 8,771 | |
| Depreciation and amortisation | 1,223 | 4,585 | 4,786 | 14,196 | |
| Supply of goods and services | 18,688 | 73,634 | 75,395 | 229,440 | |
| Other operating expenses(a) | 1,480 | 5,881 | 4,207 | 12,485 | |
| Total gross operating expenses | 24,858 | 97,664 | 97,531 | 295,342 | |
| Superannuation interest expense | 1,232 | 4,928 | 5,066 | 15,198 | |
| Interest expenses | 2,720 | 13,291 | 13,198 | 38,696 | |
| Current transfers | |||||
| Current grants | 20,892 | 75,123 | 75,408 | 223,378 | |
| Subsidy expenses | 1,883 | 6,981 | 6,902 | 21,352 | |
| Personal benefits | 14,096 | 58,653 | 59,016 | 169,410 | |
| Total current transfers | 36,871 | 140,757 | 141,325 | 414,140 | |
| Capital transfers | |||||
| Mutually agreed write-downs | 133 | 665 | 922 | 2,930 | |
| Other capital grants | 545 | 2,013 | 3,297 | 19,364 | |
| Total capital transfers | 678 | 2,678 | 4,219 | 22,294 | |
| Total expenses | 3 | 66,359 | 259,318 | 261,340 | 785,670 |
| Net operating balance | -4,933 | -27,551 | -34,713 | -35,408 | |
| Other economic flows | |||||
| - included in operating result | |||||
| Net write-downs of assets | -2,893 | -4,949 | -6,185 | -12,239 | |
| Assets recognised for the first time | 52 | 93 | 77 | 393 | |
| Actuarial revaluations | 14 | 12 | -12 | -1,060 | |
| Net foreign exchange gains | 44 | -57 | 0 | 183 | |
| Net swap interest received | -70 | 334 | -2 | -7 | |
| Market valuation of debt | -886 | 3,408 | -4,670 | -13,119 | |
| Other gains/(losses) | 5,101 | 12,718 | 3,202 | 9,860 | |
|
Total other economic flows - included in operating result |
1,363 | 11,560 | -7,591 | -15,989 | |
| Operating result(b) | -3,570 | -15,992 | -42,304 | -51,396 | |
| Non-owner movements in equity | |||||
| Revaluation of equity investments | 0 | 0 | 0 | 203 | |
| Actuarial revaluations | 0 | 0 | 0 | -228 | |
| Other economic revaluations | 18 | -187 | -1 | 145 | |
|
Total other economic flows - included in equity |
18 | -187 | -1 | 120 | |
|
Comprehensive result - Total change in net worth |
-3,552 | -16,178 | -42,305 | -51,277 | |
| Net operating balance | -4,933 | -27,551 | -34,713 | -35,408 | |
| Net acquisition of non-financial assets | |||||
| Purchases of non-financial assets | 2,553 | 7,350 | 6,565 | 22,224 | |
| less Sales of non-financial assets | 7 | 18 | 2 | 117 | |
| less Depreciation | 1,223 | 4,585 | 4,786 | 14,196 | |
| plus Change in inventories | 62 | 128 | -267 | 859 | |
| plus Other movements in non-financial assets | -1 | -1 | 0 | 0 | |
| Total net acquisition of non-financial assets | 1,383 | 2,874 | 1,511 | 8,771 | |
| Fiscal balance (Net lending/borrowing)(c) | -6,317 | -30,425 | -36,224 | -44,178 |
Australian Government general government sector balance sheet
|
ACTUAL as at 31 October 2025 $m |
BUDGET ESTIMATE* |
|
|---|---|---|
| Assets | ||
| Financial assets | ||
| Cash and deposits | 78,404 | 73,579 |
| Advances paid | 78,202 | 77,939 |
| Investments, loans and placements | 257,094 | 248,576 |
| Other receivables | 100,350 | 92,762 |
| Equity investments | ||
| Investments in other public sector entities | 47,770 | 57,342 |
| Equity accounted investments | 6,632 | 6,485 |
| Investments - shares | 122,380 | 121,108 |
| Total financial assets | 690,833 | 677,792 |
| Non-financial assets | ||
| Land | 15,893 | 14,756 |
| Buildings | 54,390 | 50,875 |
| Plant, equipment and infrastructure | 118,888 | 120,634 |
| Inventories | 13,062 | 12,691 |
| Intangibles | 14,186 | 16,212 |
| Investment properties | 229 | 221 |
| Biological assets | 4 | 5 |
| Heritage and cultural assets | 13,168 | 12,803 |
| Assets held for sale | 48 | 81 |
| Other non-financial assets | 5 | 6 |
| Total non-financial assets | 229,873 | 228,283 |
| Total assets | 920,706 | 906,074 |
| Liabilities | ||
| Interest bearing liabilities | ||
| Deposits held | 301 | 418 |
| Government securities | 924,931 | 968,449 |
| Loans | 33,347 | 33,885 |
| Lease liabilities | 19,315 | 17,689 |
| Total interest bearing liabilities | 977,893 | 1,020,440 |
| Provisions and payables | ||
| Superannuation liability(a) | 316,786 | 313,806 |
| Other employee liabilities | 95,870 | 60,538 |
| Suppliers payables | 13,710 | 15,127 |
| Personal benefits payables | 3,850 | 4,759 |
| Subsidies payables | 818 | 672 |
| Grants payables | 3,664 | 5,667 |
| Other payables | 9,603 | 5,866 |
| Provisions | 129,209 | 100,993 |
| Total provisions and payables | 573,509 | 507,430 |
| Total liabilities | 1,551,403 | 1,527,870 |
| Net worth(b) | -630,697 | -621,796 |
| Net financial worth(c) | -860,570 | -850,079 |
| Net financial liabilities(d) | 908,340 | 907,420 |
| Net debt(e) | 564,193 | 620,345 |
Australian Government general government sector cash flow statement(a)
|
ACTUAL 2025-2026 October $m |
ACTUAL 2025-2026 YTD October $m |
Budget Profile 2025-2026 YTD October $m |
BUDGET ESTIMATE* 2025-2026 FULL YEAR $m |
|
|---|---|---|---|---|
| Cash receipts from operating activities | ||||
| Taxes received | 51,304 | 205,366 | 196,995 | 676,086 |
| Receipts from sales of goods and services | 3,652 | 9,213 | 9,306 | 21,921 |
| Interest receipts | 868 | 3,377 | 3,520 | 9,389 |
| Dividends, distributions and income tax equivalents | 685 | 2,572 | 2,503 | 7,416 |
| Other receipts | 1,384 | 6,475 | 6,648 | 20,286 |
| Total operating receipts | 57,892 | 227,003 | 218,971 | 735,098 |
| Cash payments for operating activities | ||||
| Payments for employees(b) | -4,345 | -17,288 | -16,863 | -48,917 |
| Payments for goods and services | -19,168 | -77,011 | -76,851 | -228,248 |
| Grants and subsidies paid | -24,265 | -86,029 | -87,214 | -266,344 |
| Interest paid | -2,843 | -6,008 | -6,004 | -27,885 |
| Personal benefit payments | -14,634 | -59,979 | -59,401 | -169,556 |
| Other payments(b) | -1,383 | -4,930 | -4,651 | -13,739 |
| Total operating payments | -66,638 | -251,245 | -250,985 | -754,689 |
| Net cash flows from operating activities | -8,746 | -24,242 | -32,014 | -19,590 |
| Cash flows from investments in non-financial assets | ||||
| Sales of non-financial assets | -29 | 142 | 131 | 254 |
| Purchases of non-financial assets | -2,405 | -7,856 | -6,645 | -20,040 |
| Net cash flows from investments in non-financial assets | -2,433 | -7,714 | -6,514 | -19,786 |
| Net cash flows from investments in financial assets for policy purposes | -1,065 | -2,853 | -5,129 | -23,076 |
| Net cash flows from investments in financial assets for liquidity purposes | -930 | -3,122 | -4,206 | -4,839 |
| Cash flows from financing activities | ||||
| Borrowing (net) | 9,343 | 39,008 | 47,513 | 72,773 |
| Other financing (net) | -1,282 | -1,545 | -1,722 | -4,911 |
| Net cash flows from financing activities | 8,061 | 37,463 | 45,791 | 67,863 |
| Net increase/(decrease) in cash held | -5,113 | -468 | -2,073 | 571 |
| GFS cash surplus(+)/deficit(-)(c) | -11,179 | -31,956 | -38,528 | -39,376 |
| plus Principal payments of lease liabilities(d) | -208 | -919 | -941 | -2,746 |
| Equals underlying cash balance(e) | -11,387 | -32,875 | -39,469 | -42,122 |
| plus Net cash flows from investments in financial assets for policy purposes | -1,065 | -2,853 | -5,129 | -23,076 |
| Equals headline cash balance | -12,453 | -35,728 | -44,598 | -65,198 |
Note 1: Income Tax
|
ACTUAL 2025-2026 October $m |
ACTUAL 2025-2026 YTD October $m |
Budget Profile 2025-2026 YTD October $m |
BUDGET ESTIMATE* 2025-2026 FULL YEAR $m |
||
|---|---|---|---|---|---|
| Individuals and other withholding taxes | |||||
| Gross income tax withholding | 24,567 | 102,529 | 102,287 | 314,100 | |
| Gross other individuals | 9,284 | 28,592 | 25,517 | 84,500 | |
| less Refunds | 4,553 | 24,990 | 25,503 | 40,800 | |
| Total individuals and other withholding taxation | 29,298 | 106,131 | 102,301 | 357,800 | |
| Fringe benefits tax | 1,069 | 2,294 | 2,112 | 5,150 | |
| Company tax | 10,555 | 42,524 | 42,729 | 143,500 | |
| Superannuation fund taxes | 2,673 | 10,326 | 7,220 | 25,580 | |
| Petroleum resource rent tax | -97 | 722 | 1,161 | 1,980 | |
| Total income taxation revenue | 43,497 | 161,998 | 155,524 | 534,010 |
Note 2: Indirect Tax
|
ACTUAL 2025-2026 October $m |
ACTUAL 2025-2026 YTD October $m |
Budget Profile 2025-2026 YTD October $m |
BUDGET ESTIMATE* 2025-2026 FULL YEAR $m |
||
|---|---|---|---|---|---|
| Goods and services tax | 7,973 | 31,384 | 31,218 | 99,300 | |
| Wine equalisation tax | 7 | 266 | 375 | 1,210 | |
| Luxury car tax | 103 | 402 | 421 | 1,210 | |
| Excise duty | 2,571 | 10,225 | 10,448 | 32,450 | |
| Customs duty | 152 | 3,072 | 4,841 | 11,350 | |
| Other indirect tax | 927 | 4,284 | 4,186 | 14,774 | |
| Total indirect taxation revenue | 11,732 | 49,633 | 51,489 | 160,294 |
Note 3: Total expenses by function
|
ACTUAL 2025-2026 October $m |
ACTUAL 2025-2026 YTD October $m |
BUDGET ESTIMATE* 2025-2026 FULL YEAR $m |
|
|---|---|---|---|
| Expenses by function | |||
| General public services | 2,796 | 9,548 | 31,418 |
| Defence | 4,105 | 15,437 | 51,483 |
| Public order and safety | 674 | 3,211 | 9,145 |
| Education | 7,875 | 21,131 | 54,030 |
| Health | 10,611 | 42,261 | 124,803 |
| Social security and welfare | 24,415 | 100,371 | 290,966 |
| Housing and community amenities | 515 | 1,965 | 8,952 |
| Recreation and culture | 435 | 1,814 | 5,867 |
| Fuel and energy | 1,067 | 8,162 | 19,237 |
| Agriculture, forestry and fishing | 166 | 1,085 | 4,427 |
| Mining, manufacturing and construction | 452 | 1,716 | 5,522 |
| Transport and communication | 696 | 2,099 | 16,557 |
| Other economic affairs | 1,124 | 4,458 | 13,558 |
| Other purposes | |||
| Public debt interest | 2,238 | 8,660 | 28,429 |
| Nominal superannuation interest | 1,232 | 4,928 | 15,198 |
| General purpose inter-government transactions | 7,923 | 32,309 | 104,363 |
| Natural disaster relief | 33 | 163 | 874 |
| Contingency reserve | 0 | 0 | 842 |
| Total expenses | 66,359 | 259,318 | 785,670 |
Commonwealth Climate Disclosure – Year 2, Year 3, and Simplified Requirements –available now
Finance is pleased to announce that the Commonwealth Climate Disclosure (CCD) Year 2, Year 3, and Simplified Requirements have been published and are now available on our website.
CCD is the Australian Government's policy for all Commonwealth entities and Commonwealth companies to publicly report on their exposure to climate risks and opportunities, as well as their actions to manage them.
