Financial Performance of Government Trading Enterprises 1998-99 to 2002-03

Abstract

The Productivity Commission released an update on the financial performance of 84 Commonwealth, State and Territory government businesses in July 2004. These businesses provide essential services such as electricity, water and urban transport, as well as managing extensive rail, port and forestry assets.

This study provides data on their financial performance over time and comparisons of performance among businesses in the same industry. It also includes information on aspects of corporate governance that can potentially affect long-term financial performance. The study also reveals that there is scope to improve the reporting and performance monitoring accountability mechanisms of GTEs.

This study forms part of a continuing program of research into the performance of economic infrastructure industries and the impact of microeconomic reforms.

Keywords: Australia, Research, Commonwealth GTEs, Drainage, Electricity, Forests, Government businesses, Government Trading Enterprises, Irrigation, Ports, Railways, Sector reforms, Sewerage, Urban transport, Water

JEL Classification: D, H