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

8 BUDGET 2014-15 Budget Overview Developing the Economy The 2014-15 Budget focuses on developing Northern Australia and advancing the Territorys economy through the creation of jobs and business opportunities including $157 million for business, $45million for tourism, $36million for mines and energy and $54 million for primary industry and fisheries. Regional Investment The 2014-15 Budget promotes economic development in the Territorys regions through investment in roads, infrastructure and services, including: Tiwi Islands $0.8 million to continue the Tiwi Islands ferry services; and $0.26 million for economic development in the Tiwi Islands. East Arnhem $2 million to match Rio Tintos $2 million contribution to establish a regional economic development fund for the transitional support package for the EastArnhem region; $0.5 million for a medium to large vessel pontoon at Melville Bay in Nhulunbuy; and $2.6million to replace water storage facilities at Numbulwar and Yirrkala. Central Australia $5.2million for a multidisciplinary teaching and training facility at Alice Springs Hospital; $2.5 million to construct a tourism boardwalk in Alice Springs; $7.3 million to improve Outback Way roads; $3 million to upgrade the Larapinta and Lovegrove drives intersection; and $3million for a new Supreme Court in Alice Springs. Across the Territory $30 million for strategic economic development roads projects; $45 million in partnership with the Commonwealth for a Regional Roads Productivity Package to upgrade the Roper Highway, Port KeatsRoad, ArnhemLink Road, Buntine Highway, Central Arnhem Road and SantaTeresaRoad; and $14.85million to upgrade sewerage at Maningrida, Angurugu and Galiwinku. Primary Industry and Fisheries The 2014-15 Budget positions the Territorys primary industry and fisheries sectors to benefit from trade and investment opportunities by investing: $1 million over two years to establish a Food Industry Development Group to drive agricultural development activities; $1.24 million, including Commonwealth funding of $0.35 million, to improve export access to overseas markets and lengthen the mango production season; $0.4 million to lead Ord stage 3 development work; $0.4 million to support the Indigenous Pastoral Program; and $0.7 million to continue to develop Indigenous commercial fishing capacity. Northern Australia Development Office The 2014-15 Budget includes $5.88million over the next twoyears to support the Northern Australia Development Office to harness and coordinate the Territory Governments economic development strategies locally, nationally and internationally. Additional funding includes: $3.6 million to work with the Commonwealth and industry groups to capitalise on economic development opportunities in the Territory; and $1.5 million to support the Northern Territory Government Commissioner to Indonesia and the ASEAN region. Mines and Energy The 2014-15 Budget includes $23.8million over fouryears to continue the Creating Opportunities for Resource Exploration initiative, including: $15.8 million to create opportunities for resource exploration, including acquiring pre-competitive geoscience information, providing industry grants for high-risk exploration, and promoting the Territory as an exploration investment destination; $8 million to assess the Territorys shale gas potential and resources; $1.5 million to support mineral and petroleum exploration; and $1.1 million to improve mining approval timeframes and water monitoring assessment.


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