Territory Stories

Northern Territory budget papers 2010 - 2011



Northern Territory budget papers 2010 - 2011

Other title

2010/11 Budget paper


Northern Territory. Department of Treasury


Northern Territory budget papers; E-Journals; PublicationNT




Made available via the Publications (Legal Deposit) Act 2004 (NT).




Appropriations and expenditures; Periodicals; Budget; Finance, Public

Publisher name

Northern Territory Government

Place of publication




File type



Attribution International 4.0 (CC BY 4.0)

Copyright owner

Northern Territory Government



Parent handle


Citation address


Related items

https://hdl.handle.net/10070/591566; https://hdl.handle.net/10070/591568; https://hdl.handle.net/10070/591570; https://hdl.handle.net/10070/591556; https://hdl.handle.net/10070/591558; https://hdl.handle.net/10070/591560; https://hdl.handle.net/10070/591562

Page content

24 Economic Outlook 2010-11 Budget Economic Outlook Employment Resident employment is estimated to increase by 2.5 per cent in 2010-11 supported by increased residential construction activity and record levels of public investment related to: the Strategic Indigenous Housing and Infrastructure Program; land servicing and essential services infrastructure (as part of Working Future); roads in urban and remote areas; head-works for the Arid Zone Research Institute land development in Alice Springs and Palmerston East subdivisions; and stage two of the Tiger Brennan Drive extension. Wages are forecast to strengthen in 2010 with growth of 4.2 per cent before moderating to 3.8 per cent in 2011. The Territory economy is forecast to grow by 3.6 per cent in 2010-11, reflecting the benefits of a strengthening international trade surplus and further growth in public sector investment. The Territorys trade surplus is forecast to increase due to strong growth in alumina, manganese and iron ore production as the global economic recovery strengthens over the year and LNG production returns to specification following scheduled maintenance shutdowns in 2009-10. The Territorys population growth rate is forecast to be 2.1 per cent in 2010 and 2.0 per cent in 2011 including lower net interstate migration due to the relocation of the 7th Royal Australian Regiment (7RAR) and the completion of a number of major projects. Population growth is expected to be supported by increased levels of residential construction activity, strong public sector investment and jobs creation flowing from a record Territory Government capital works program. Total consumption expenditure is forecast to increase by 1.9 per cent in 2010-11 reflecting a recovery in household consumption, supported by public consumption. Although dampened by a rising interest rate environment, household consumption is forecast to increase by 1.8 per cent, supported by strengthening residential construction activity, population, wages and employment growth. Public consumption expenditure is forecast to moderate to 2 per cent due to lower public sector employment growth, the relocation of the 7RAR and the unwinding of Commonwealth stimulus measures. Key Economic Indicators 2005-06 Actual 2006-07 Actual 2007-08 Actual 2008-09 Actual 2009-10 Estimate 2010-11 Forecast % % % % % % Real GSP 6.7 6.7 3.9 2.6 0.4 3.6 Resident Employment 3.2 5.1 5.9 4.2 3.3 2.5 Population1 2.3 1.9 2.4 2.4 2.2 2.1 Darwin CPI2 2.6 4.4 3.4 4.0 2.8 3.1 1 As at December, annual percentage change 2 As at December, year-on-year percentage change Acknowledgements The photos in this publication are reproduced with the kind permission of: Northern Territory Police, Fire and Emergency Services Department of Education and Training Department of Housing, Local Government and Regional Services Department of Health and Families Department of Resources Department of Construction and Infrastructure Steve Strike Kinny Photography