Territory Stories

Budget 2013/14 Northern Territory Economy

Details:

Title

Budget 2013/14 Northern Territory Economy

Other title

Tabled paper 295

Collection

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

Date

2013-05-14

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

Publisher name

Department of the Treasury and Finance

File type

application/pdf

Use

Copyright

Copyright owner

See publication

License

https://www.legislation.gov.au/Details/C2019C00866

Parent handle

https://hdl.handle.net/10070/273751

Citation address

https://hdl.handle.net/10070/426369

Page content

Structure of the Economy 15 Northern Territory Economy 1 Current prices Source: ABS Cat. No. 5220.0 Under the ABSs national accounts framework, public sector consumption includes components of public administration and safety, education and training, and healthcare and social assistance expenditure. The largest component of public sector spending is wages, which accounted for about half of the public sector consumption expenditure in 2011-12. Total consumption expenditure increased across all three tiers of government in the Territory in 2011-12, increasing by 2.1 percent to $4.6billion. Growth was below the ten-year average growth rate of 2.8percent, reflecting budgetary constraints in the public sector. Territory and local government consumption expenditure increased by 1.3percent which is below the average 2.6 percent growth rate over the preceding ten years. This is a result of the savings measures introduced to restrict operational expenditure growth. Public sector per capita expenditure in the Territory remained relatively stable at $26119 in 2011-12, and was about double the national average of $13402 (Chart 1.5). 1 Inflation adjusted, base year 2010-11 Note: Excludes defence. Source: ABS Cat. No. 5206.0 0 10 20 30 40 50 60 Household consumption General government consumption Private investment Public investment % Northern Territory Australia Chart 1.4: Components of SFD, 2011121 Chart 1.5: Public Sector Spending per Capita 2011121 0 10 20 30 40 50 60 70 80 NSW Vic QLD WA SA Tas ACT NT Aust $(000)