Territory Stories

Budget Paper No5 Northern Territory Economy 1998/99

Details:

Title

Budget Paper No5 Northern Territory Economy 1998/99

Other title

Tabled Paper 382

Collection

Tabled papers for 8th Assembly 1997 - 2001; Tabled papers; ParliamentNT

Date

1998-04-28

Description

Tabled by Michael Reed

Notes

Made available by the Legislative Assembly of the Northern Territory under Standing Order 240. Where copyright subsists with a third party it remains with the original owner and permission may be required to reuse the material.

Language

English

Subject

Tabled papers

File type

application/pdf

Use

Copyright

Copyright owner

See publication

License

https://www.legislation.gov.au/Series/C1968A00063

Parent handle

https://hdl.handle.net/10070/295415

Citation address

https://hdl.handle.net/10070/395002

Page content

consumer durables such as cars, furniture and appliances; consumer semi-durables such as clothing and utensils; single-use goods such as food, cigarettes and alcoholic drinks; and services such as medical care, recreation, public transport and education. With the inclusion of public consumption expenditure, total final consumption expenditure provides a broad measure of goods and services sold and is an indicator of government and consumer demand. In 1997-98, total final consumption expenditure in the Territory is estimated to account for approximately 79% of the Territorys GSP. This is slightly higher than the national economy where total final consumption expenditure contributes about 76% of GDP. In the Territory, public final consumption represents approximately 39% of GSP compared to 16% for the national economy. For 1997-98, estimated Territory real final consumption expenditure increased at a faster rate than nationally. As in the previous year, growth in final consumption expenditure in the Territory in 1997-98 will predominantly occur in the private sector. While growth in private final consumption is estimated to increase by 7.5%, public final consumption is estimated to increase by only 4.6%, reflecting the Northern Territory Governments budget management targets and the Commonwealth Governments continued budget restraint. Compared to the national average, Territory consumers and businesses spend: relatively more on food, and tobacco and alcohol - due in part to the higher cost of freighting most lines of food products into the Territory and less competition to drive prices down; and relatively less on dwelling rent, including imputed rent for home owners/buyers this is indicative of both the affordability of mortages in the Territory and large proprotion of Territory households in subsidised public housing. 75 Wholesale and Retail Trade 0 5 10 15 20 25 Food All Other Goods and Services Travel and Communication Dwelling Rent Clothing and Household Durables Tobacco and Alcohol Health Services Gas, Electricity and Fuel Northern Territory Australia % of Private Final Consumption Expenditure Figure 13.3 PRIVATE FINAL CONSUMPTION EXPENDITURE Source: ABS Cat. No. 5220.0, 1995-96


Aboriginal and Torres Strait Islander people are advised that this website may contain the names, voices and images of people who have died, as well as other culturally sensitive content. Please be aware that some collection items may use outdated phrases or words which reflect the attitude of the creator at the time, and are now considered offensive.

We use temporary cookies on this site to provide functionality.
By continuing to use this site without changing your settings, you consent to our use of cookies.