Territory Stories

Budget 2014-2015 Budget Overview

Details:

Title

Budget 2014-2015 Budget Overview

Other title

Tabled paper 832

Collection

Tabled papers for 12th Assembly 2012 - 2016; Tabled papers; ParliamentNT

Date

2014-05-13

Description

Tabled by David Tollner

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

Place of publication

Darwin

File type

application/pdf

Use

Copyright

Copyright owner

See publication

License

https://www.legislation.gov.au/Details/C2019C00864

Parent handle

https://hdl.handle.net/10070/273753

Citation address

https://hdl.handle.net/10070/426367

Page content

3Budget at a Glance Budget 2014-15 Significant Territory Government 2014-15 Projects Project $M Palmerston East headworks 37 Alice Springs Hospital upgrades 35 Royal Darwin Hospital upgrades 35 Strategic economic development roads 30 Greater Darwin area land release 17 Northern region land release 16 Southern region land release 11 Hidden Valley Motor Sports Complex upgrades 9 Outback Way roads 7 Major Capital Works Projects by Functional Category $M Roads and transport 326 Housing and related works 181 Health 160 Economic and community infrastructure 139 Education 49 Community safety 46 Lifestyle and environment 28 Total Budget sector 929 Other Key 2014-15 Initiatives The 2014-15 Budget includes: $5million to expand the Sports Voucher scheme from $75 to $200 and to include more activities; $5.9million to increase and expand the Northern Territory Early Childhood Services Subsidy; and $6.6million to continue providing the Backto School Voucher of $150 per student across all Territory schools. Economic Development The 2014-15 Budget focuses on developing Northern Australia and advancing the Territorys economy through the creation of jobs and business opportunities including: $5.88million over two years, including an additional $5.1million to establish the Northern Australia Development Office and to support the Northern Territory Government Commissioner to Indonesia and the Association of Southeast Asian Nations (ASEAN) region; $23.8 million over four years to the Department of Mines and Energy to continue the Creating Opportunities for Resource Exploration initiative; and an additional $7.5million for Tourism NT, providing a total of $13.6 million to extend the Territorys international marketing activities. Affordable Housing and Land Release The 2014-15 Budget provides support to ensure housing supply will keep pace with the Territorys growing population and make home ownership affordable and accessible for Territorians. The 2014-15 Budget supports a significant residential land release program including $36.9 million to continue the staged development at Zuccoli, $17million for projects in the Greater Darwin area, $15.7million for projects in the northern region and $7.3million for land release projects in AliceSprings including Kilgariff stage 1a and Larapinta Valley redevelopment. The 2014-15 Budget also invests in public housing assets with $20.6million for repairs and maintenance, $12.4million for upgrades and $4million to continue redevelopment of public housing unit complexes. The Territory Government continues to support home loan products and services to increase the supply of new housing and alleviate demand pressures in the rental market. Infrastructure The 2014-15 infrastructure program underpins the Territory Governments priority of developing Northern Australia to create economic opportunities for Territorians. Total infrastructure payments will be $1.14billion in 2014-15, with 71percent of this Territory funded. The 2014-15 infrastructure program focuses on improving transport networks across the Territory by investing $408million to build new and upgrade existing roads and transport assets, and $135.5million for projects to accelerate the release of residential, commercial and industrial land. In partnership with the Commonwealth, the 2014-15 infrastructure program continues the strong investment in remote Indigenous housing and infrastructure, with $122.8million to build new, and upgrade existing, houses in remote communities. The 2014-15 infrastructure program also provides $421.7million for new and upgraded infrastructure in remote communities to deliver better housing, transport, health, education and police facilities. Infrastructure investment in the Power and Water Corporation is estimated at $276million in 2014-15.


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