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Wednesday, 11 April 1973
Page: 1366

Mr Berinson asked the Treasurer, upon notice:

What proportion of the Gross National Product was represented by the revenue, other than by inter-government transfers, of-

(a)   Federal,

(b)   State, and

(c)   local governments in each of the years ended 30 June 1950, 1955, 1960, 1965. 1970 and 1972.

Mr Crean - The answer to the honourable member's question is as follows:

In answer to the honourable member's question, the Commonwealth Statistician has provided the following figures which are consistent with the receipts on General Government income and outlay account and amounts provided for Depreciation by Public authority trading enterprises, as shown in tables 12 and 41-45 of the forthcoming Australian National Accounts 1971-72. Separate figures on local authorities are consistent with table 4 of 'Public Authority Finance: State and local authorities 1971-72'.

The honourable member is asked to note that the term 'Gross Domestic Product' is now used by the Commonwealth Statistician in place of 'Gross National Product'.


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