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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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56 Northern Territory Treasury Budget Highlights for 2012-13 Economic Sustainability Active involvement in the Review of GST Distribution to protect and enhance the Territorys revenue share. Ongoing review of the Territorys own-source revenue policies to promote efficiency and equity, having regard to issues that may arise from Commonwealth tax changes and tax harmonisation. Investment over a two- to three-year period in new Territory Revenue management systems to enhance on-line payments and reporting. Ongoing commitment to continuously enhance Treasurys capacity to analyse, present and forecast key Territory economic and fiscal indicators in order to provide better information for the community and decision makers. Continuation and implementation of reforms in the Territorys superannuation schemes to simplify arrangements to the benefit of members and reduce administrative complexity and costs. Continued oversight of the performance of the Territorys regulated utilities and regulatory compliance to encourage the adoption of good industry practice in the Territory. Expanded graduate and other trainee programs to enhance financial and economic management within the Territory public sector. Implementation of Treasurys enhanced Indigenous Employment and Career Development Strategy to increase Indigenous apprentices, cadets and work experience students. Outputs and Performance Output Group: Financial Management Outcome: Effective financial management analysis, reporting and strategic policy advice to inform Government decision making on: whole of government resource issues, including financial management frameworks, fiscal policy and strategy, budget development and infrastructure investment; and major government priorities with resource implications, including the Territorys commitments under the Intergovernmental Agreement on Federal Financial Relations. Output Group/Output 2011-12 Budget 2011-12 Estimate 2012-13 Budget $000 $000 $000 Financial Management 7 020 7 123 7 122 Financial Management 7 020 7 123 7 122 Key Variations There are no significant variations. Key Deliverables 2011-12 Budget 2011-12 Estimate 2012-13 Budget Treasurer satisfaction with:1 fiscal and strategic policy advice 5 5 5 key financial reports and publications 5 5 5 agreed timeframes and milestones met 5 5 5 1 Measures range from a rating of 1 = extremely dissatisfied through to 6 = extremely satisfied.