Territory Stories

Budget Paper No.2 Fiscal and Economic Outlook 2008-2009

Details:

Title

Budget Paper No.2 Fiscal and Economic Outlook 2008-2009

Other title

Tabled paper 1293

Collection

Tabled papers for 10th Assembly 2005 - 2008; Tabled papers; ParliamentNT

Date

2008-05-06

Description

Tabled By Delia Lawrie

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/10070/283912

Citation address

https://hdl.handle.net/10070/410393

Page content

2008-09 Budget 54 Intergovernmental Financial Issues Source: Commonwealth Grants Commission 2008 Update Each year, the Commission updates its relativities for the latest available financial, economic and demographic data. In February 2008, the Commission released its Report on State Revenue Sharing Relativities 2008 Update. The 2008 Update report details states relativities that will be used to distribute the GST pool in 2008-09. Table 5.3 compares the changes in relativities between the 2007 and 2008 Updates. In the 2008 Update, the Commission recommended an increase in relativities for New South Wales, Victoria, South Australia, the Australian Capital Territory and the Northern Territory. Queensland, Western Australia and Tasmania experienced a decrease in their relativities between updates. Notable developments in the 2008 Update are: Western Australia replaced New South Wales as the state with the strongest fiscal capacity; and Queensland joined New South Wales, Victoria and Western Australia in requiring less than its per capita share of the GST pool. Indigenous influences Population dispersion Administrative scale Isolation Other 0 100 200 300 400 500 600 700 800 900 2005-06 2006-07 2007-08 2008-09 $MChart 5.1: Contribution of Expense Disabilities to Redistribution of Northern Territory GST Revenue Table 5.3: GST Relativities, Grant Shares including Health Care Grants and Population NSW Vic Qld WA SA Tas ACT NT 2007 Update Relativity 0.89079 0.90096 1.00607 0.94747 1.20791 1.54465 1.16293 4.36824 Grant share (%) 29.14 22.30 20.05 9.49 9.07 3.61 1.87 4.46 Population share (%) 32.75 24.78 19.95 10.03 7.52 2.34 1.61 1.02 2008 Update Relativity 0.91060 0.92540 0.96508 0.88288 1.20856 1.52994 1.17205 4.51835 Grant share (%) 29.70 22.93 19.37 8.89 9.04 3.56 1.88 4.62 Population share (%) 32.62 24.79 20.07 10.08 7.48 2.33 1.61 1.02 Impact ($M) 341.5 316.9 - 409.3 - 326.7 5.8 - 16.2 8.2 79.8 Impact ($pc) 49.31 60.47 - 97.03 - 154.04 3.68 - 32.74 24.02 369.48 Source: Commonwealth Grants Commission, Commonwealth Government, Northern Territory Treasury


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