Victorian State Budget: Aggregate Financial Statements

Historical data for major fiscal aggregates spans 20 to 40 years, with adjustments made for series consistency. The data incorporates financial information from the 2024-25 Budget, 2023-24 Budget Update, and 2023-24 Financial Report. Accounting standards, including AASB 16 for Leases and AASB 1049 for Whole of Government reporting, have been applied retrospectively, with some breaks in series remaining.

Use Cases

• Analyzing long-term trends in government revenue and expenditure based on historical fiscal aggregates.
• Comparing pre- and post-implementation financial impacts of accounting standards like AASB 16 (Leases).
• Modeling future budget estimates using consistent historical series adjusted for forward estimates.
• Studying the transition from cash to accrual accounting in Government Finance Statistics (GFS).

Strengths

• Provides a long-term historical series covering 20 to 40 years for major fiscal aggregates.
• Data is adjusted for consistency with forward estimates and presented under Australian equivalent to International Financial Reporting Standards (A-IFRS).
• Incorporates the latest published budget and financial report information up to the 2024-25 period.

Limitations

• Specific row counts, column names, and dataset size are not provided in the source metadata.
• The source notes that some breaks in series remain despite adjustments for consistency.
• The exact temporal coverage start date is not specified beyond the '20 to 40 years' range.

Provenance

Source

Victorian State Budget

Collection Method

Compiled from historical accounting tables and government financial reports.

Time Range

Approximately 20 to 40 years, with specific revisions back to 2004-05 for operating and cash flow statements.

Freshness

2026-05-12

Geography

Victoria, Australia