Victorian State Budget: Historical Fiscal Aggregates and Financial Statements

Historical data for major Victorian fiscal aggregates spans 20 to 40 years, with adjustments made for consistency with forward estimates. Accounting-based tables are formatted under Australian equivalents to International Financial Reporting Standards (A-IFRS), and Government Finance Statistics aggregates use an accruals basis. The series incorporates financial information from the 2024-25 Budget and related reports, though some breaks in series remain.

Use Cases

• Analyzing long-term trends in government revenue and expenditure based on multi-decade historical aggregates.
• Studying the impact of adopting AASB 1049 and newer standards like AASB 16 (Leases) on reported government financial positions from 2019-20 onward.
• Comparing accruals-based Government Finance Statistics aggregates with cash flow statements revised back to 2004-05.
• Benchmarking current budget estimates against a consistent historical series adjusted for accounting standard changes.

Strengths

• Covers a long historical time range, with some data series extending 20 to 40 years.
• Applies consistent accounting standards (A-IFRS, AASB 1049) and converts GFS aggregates to an accruals basis for comparability.
• Incorporates the latest official budget documents (2024-25 Budget, 2023-24 Update and Financial Report).

Limitations

• Specific column names and row counts are not provided in the available metadata.
• The descriptions note that some breaks in the historical series remain despite adjustments.
• The exact temporal start date for the full 40-year range is not specified.

Provenance

Source

Victorian State Budget

Collection Method

Compiled from historical budget documents and adjusted for accounting standard consistency.

Time Range

Up to 40 years historical, incorporating data through the 2024-25 Budget.

Freshness

Last updated on 2026-05-12 according to data.gov.au entries.

Geography

Victoria, Australia