Territory Stories

Budget Paper 1994-95 No.6 Northern Territory Economy



Budget Paper 1994-95 No.6 Northern Territory Economy

Other title

Tabled Paper 2156


Tabled Papers for 6th Assembly 1990 - 1994; Tabled Papers; ParliamentNT




Tabled by Barry Coulter


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.




Tabled papers

File type




Copyright owner

See publication



Parent handle


Citation address


Page content

The Reserve Bank of Australia report that principal cost based inflation pressures are derived from import prices due to the depreciation o f the Australian dollar over the past two years. However, the recession together with an increasingly open and competitive economy were influential in preventing these costs being passed on in full. Commonwealth Treasury forecast the national inflation rate will rise to 2.5% in 1994/95, and 3% in 1995/96. Factors supporting these modest inflation rates include relatively high unemployment keeping wage increases in check, enhanced efficiency, flexibility and competition in key sectors flowing from micro-economic reforms, progressive adoption o f productivity based wage agreements, and a possible strengthening o f the Australian dollar in line with improving international commodity prices. Inflation outcomes for the Territory will be determined largely at the national level. However, in line with recent experience and the continued strength o f the Territory economy, it can be anticipated that the Territory inflation rate will continue to run marginally ahead o f the national rate. _________________________________________________________________Prices and Wages 2 5

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 Please be aware that some collection items may use outdated phrases or words which reflect the attitude of the creator at the time, and are now considered offensive.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.