Territory Stories

Budget 2007-2008 Northern Territory Economic Overview

Details:

Title

Budget 2007-2008 Northern Territory Economic Overview

Other title

Tabled paper 865

Collection

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

Date

2007-05-01

Description

Tabled By Sydney Stirling

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/10070/283514

Citation address

https://hdl.handle.net/10070/410859

Page content

Northern Territory 007-08 budget Manufacturing The Territory has a small and narrowly based manufacturing sector, dominated by alumina production at Alcans Gove refinery. In 2005-06, manufacturing accounted for 6 per cent of GSP ($685 million) and about 3 per cent of total employment. Manufacturing production will increase significantly in 2007 with increased alumina production from the expanded Alcan refinery, and a full year of production from both the Wickham Point LNG plant and the new renewable fuels (biodiesel) facility. Further increases are expected over the next two years with the completion of the helium plant at Wickham Point in 2008, and the condensate processing facility at East Arm in late 2009. In the medium to long term, natural gas from the Timor Sea could be used as an input for gas-related manufacturing industries and as a cheaper energy source for mining-related value adding production. 0 10 20 30 40 50 60 70 Food, beverage and tobacco manufacturing Textile, clothing, footwear and leather manufacturing Wood and paper product manufacturing Printing, publishing and recorded media Petroleum, coal, chemical and associated product manufacturing Non-metallic mineral product manufacturing Metal product manufacturing Machinery and equipment manufacturing Other manufacturing % of Manufacturing Employment Sales turnover Value added Territory Manufacturing Subdivisions Selected Indicators, 2004-05 Note: Based on latest available data: 2004-05 for Employment, Value Added and Sales Turnover Source: Northern Territory Treasury, ABS Cat. No. 8221.0


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