Territory Stories

Budget 2012-2013 Budget Paper No.3 The Budget



Budget 2012-2013 Budget Paper No.3 The Budget

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Tabled paper 1785


Tabled papers for 11th Assembly 2008 - 2012; Tabled papers; ParliamentNT




Tabled By Delia Lawrie


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.




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306 Revenue Interest Revenue continued 2011-12 Estimate 2012-13 Budget Variation $000 $000 $000 PUBLIC FINANCIAL CORPORATIONS 232 719 260 761 28 042 Northern Territory Treasury Corporation 232 719 260 761 28 042 Interest from general government 153 296 173 204 19 908 Interest from public non financial corporations 79 196 87 333 8 137 Interest from local government 27 24 - 3 Gain on Territory Bonds 200 200 TOTAL 289 564 327 573 38 009 1 Interest revenue received used for associated Commonwealth funded programs. Interest Revenue This revenue category comprises interest earned on: investments of surplus cash balances; advances outstanding, such as home loans by NT Home Ownership; loans to local government bodies; and cash balances held by the Central Holding Authority (CHA) and government business divisions. The $38million increase in interest revenue in 2012-13 reflects: Northern Territory Treasury Corporation interest revenue expected to increase by $28million, reflecting higher interest received due to increased borrowings by the CHA and Power and Water Corporation; CHA interest revenue (including net unrealised movements) is expected to increase by $8.3million in 2012-13 as a result of anticipated returns for the Conditions of Service Reserve and medium term investments. This is offset by an expected decrease in interest on cash balances in 2012-13; and Northern Territory Home Ownership interest revenue expected to increase by $1.5million in 2012-13 due to additional loans provided to new homeowners under the HOMESTART NT scheme.

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