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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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55 Northern Territory Treasury Output Group/Output 2011-12 Estimate 2012-13 Budget $000 $000 Financial Management 7 123 7 122 Financial Management 7 123 7 122 Economic 76 565 78 007 Economic Services 8 059 7 650 Payments on Behalf of Government 68 506 70 357 Territory Revenue 17 976 17 704 Territory Revenue 7 910 7 644 Tax-Related Subsidies 10 066 10 060 Superannuation 4 431 4 031 Superannuation 4 431 4 031 Economic Regulation 1 294 1 354 Utilities Commission 1 294 1 354 Total Expenses 107 389 108 218 Appropriation Output 104 443 105 465 Capital Commonwealth 153 2012-13 Staffing: 177 Agency Profile Northern Territory Treasury contributes to the achievement of the Northern Territory Governments economic, fiscal and social policies through analysis and advice on sustainable Government finances, strategic positioning and effective risk management of the Governments economic, commercial and revenue activities. Strategic Issues for 2012-13 Economic Sustainability Issues that will influence the Territorys economic and fiscal circumstances include: the outcome of the review into the distribution of Goods and Services Tax (GST) revenue; the increased complexity of Commonwealth/state intergovernmental financial arrangements, particularly the requirements of national partnership agreements and associated performance targets and achievements in a range of areas including health reform and Stronger Futures; the continued constraints on commercial finance following the impacts of the European debt crises on investment markets; the final investment decision by INPEX for the Ichthys project will have a significant impact on the Territory economy during construction and over the 40-year life of the project; national economic conditions leading to lower Territory revenues and a more constrained fiscal outlook; the continued development of frameworks for reliable, secure and cost-effective provision of electricity, water and sewerage; and continued collaborative arrangements with the Australian Bureau of Statistics and Territory agencies.