PGPA Glossary

Grant Connect service statistics

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Finance Vehicles

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Finance Diversity Strategies

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List of invoices for services to parliamentarians

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Emissions Reduction Plans

Under the Net Zero in Government Operations (NZGO) Strategy, non-corporate Commonwealth entities (NCEs) must develop Emissions Reduction Plans (ERPs).

Policy scope

Net zero broadly means reducing greenhouse gas emissions through energy efficiency, switching to renewable energy and taking other actions.

APS climate action training and resources

The Department of Finance Climate Action in Government Operations (CAIGO) Unit helps build skills and knowledge across Commonwealth entities and companies.

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* as at 30 June 2026 $m
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.