Budget 2012-2013 Budget Paper No.3 The Budget
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.
57 Northern Territory Treasury Output Group: Economic Outcome: Accurate and timely analysis and policy advice relevant to commercial, economic, demographic and intergovernmental financial issues affecting the Territory and payments made on behalf of Government as a result of formal agreements or legislative requirements. Output Group/Output 2011-12 Budget 2011-12 Estimate 2012-13 Budget $000 $000 $000 Economic 75 382 76 565 78 007 Economic Services 7 648 8 059 7 650 Payments on Behalf of Government 67 734 68 506 70 357 Key Variations The increase in the Economic output group is due to indexation of the community service obligation (CSO) payment to the Power and Water Corporation and an increase in fees paid to the Australian Tax Office for administration of the GST revenue, as agreed by all jurisdictions. Economic Services Key Deliverables 2011-12 Budget 2011-12 Estimate 2012-13 Budget Treasurer satisfaction with the provision of timely and accurate advice and analysis on:1 economic and commercial matters > 5 > 5 > 5 national and Territory economic, social, demographic and statistical issues including development and oversight of economic reforms and frameworks > 5 > 5 > 5 the policy aspects of intergovernmental financial relations under the Intergovernmental Agreement on Federal Financial Relations including the distribution of GST revenue > 5 > 5 > 5 1 Measures range from a rating of 1 = extremely dissatisfied through to 6 = extremely satisfied. Payments on Behalf of Government Key Deliverables 2011-12 Budget 2011-12 Estimate 2012-13 Budget CSO payment for uniform tariff subsidy $61.26M $61.56M $63.08M GST collection costs $6.48M $6.96M $7.28M