Quarterly Financial Results Report - March 2020

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The general government sector recorded an operating surplus of $2.4 billion for the nine months to 31 March 2020, mainly reflecting the impact of higher than expected iron ore royalty revenue and the timing of Western Australia’s 2019-20 GST ‘top-up’ grants.
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2019-20 Quarterly Financial Results Report December 2019

This Quarterly Financial Results Report provides financial results for the Western Australian public sector for the nine months to 31 March 2020.

The general government sector recorded an operating surplus of $2.4 billion for the nine months to 31 March 2020, mainly reflecting the impact of higher than expected iron ore royalty revenue and the timing of Western Australia’s 2019-20 GST ‘top-up’ grants. The State’s Asset Investment Program totalled $3.7 billion for the first nine months of 2019-20, while total public sector net debt stood at $34.5 billion at 31 March 2020.

Care should be exercised in extrapolating the likely outcome for the 2019-20 year based on the results to date, particularly in light of the COVID-19 pandemic, which is expected to have a material impact in the June quarter 2020. Seasonal and other timing factors that impact the State’s finances also make full-year estimation difficult. Final results for 2019-20 will be provided in the 2019‑20 Annual Report on State Finances (due for release by 28 September 2020).