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

192 Defence 2013-14 Budget 3.2percent, which over the last decade has consistently represented in excess of 90percent of total defence expenditure. The decline in consumption expenditure is likely to reflect the effect of the relocation of a significant number of 7RAR personnel from RobertsonBarracks to South Australia during 2010-11. Partially offsetting this decline was a 17.9percent increase in investment spending, which reflects the construction of the final stage of infrastructure projects such as the RAAFBase Darwin Redevelopment Stage 2. The Territorys share of national defence spending declined from 5.5percent in 2010-11 to 5.0percent in 2011-12. This reflects strong growth in national expenditure on defence (8.2percent) and a decline in defence expenditure in the Territory of 2.2percent over the same period. Source: Department of Defence (proportions as at 30 June 2012); ABS unpublished data Defence Consumption and Investment In 2011-12, defence consumption, including salaries and operational expenditure, contributed an estimated $1.49billion to the Territoryeconomy with defence salaries accounting for $638million of total defence expenditure. Defence operational expenditure, including expenditure on ammunition, transport costs, catering and office supplies, accounted for $812million of expenditure in the year. Major Defence Capital Works Projects Defence contributes to Territory economic growth through both major and minor capital works projects, which are often technical in nature and support skill development in the construction industry. Table 15.2 shows major capital works projects in the Territory. Chart 15.2: Defence Expenditure in the Territory (moving annual total) 0 0.2 0.4 0.6 0.8 1 1.2 1.4 1.6 1.8 00 01 02 03 04 05 06 07 08 09 10 11 12 Year ended June Total expenditure Operational Salaries Weapons Other investment $B