State Budget 2021-22 Other Financial Aggregates

These datasets provide financial series for a number of general government sector financial aggregates and are updated with each relevant publication, for example, State Budget.\r\n\r\nWherever possible, adjustments have been made to make the historical series consistent with the current accounting framework used by the State of Victoria. Several new accounting standards issued by the Australian Accounting Standards Board (AASB) have been applied for the first time from 2019-20 onwards. These accounting standards include AASB 1059 Service Concession Arrangements: Grantor (Service Concession Arrangements), AASB 16 Leases (Leases), AASB 15 Revenue from Contracts with Customers and AASB 1058 Income of Not-for-Profit Entities (Revenue).\r\n\r\nAll data sets incorporate financial information published in the 2019-20 Financial Report, 2020-21 Budget and 2021-22 Budget.