Budget papers 2010 - 2011
2010/11 Budget paper
Northern Territory. Department of Treasury
Northern Territory budget papers; Reports; PublicationNT
Made available via the Publications (Legal Deposit) Act 2004 (NT).
Appropriations and expenditures; Periodicals; Budget; Finance, Public
Northern Territory Government
Attribution International 4.0 (CC BY 4.0)
Northern Territory Government
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
2 Budget at a Glance 2010-11 Budget Budget at a Glance Housing the Territory Housing is the primary focus of the 2010-11 infrastructure program with $948 million for urban and remote public housing, government employee housing, land servicing and augmentation of essential services infrastructure. The following table sets out the infrastructure program in 2010-11 for housing. Total Program $M Working Future Indigenous Housing 352.6 Land Servicing and Essential Services 264.6 Public Housing 68.2 Government Employee Housing 62.6 Government Employee Housing 5.6 Grants Indigenous Housing 126.6 Indigenous Essential Services 31.8 Municipal and Essential Services 4.1 Repairs and Maintenance 18.6 Other 6.2 Total 947.9 Tax Cuts The 2010-11 Budget supports Territorians buying a house to live in through a range of concessions and rebates: Increased stamp duty concession for first home buyers, with the first $540 000 of the value of the home exempt from stamp duty, up from $385 000, resulting in a saving of up to $26 730. A new senior, pensioner and carer concession of $8500. Higher principal place of residence stamp duty rebate, from $2500 to $3500. The 2010-11 Budget includes a range of initiatives to support the Territory economy and community. It provides the largest infrastructure program delivered in the Territorys history aimed at strengthening the economy, creating jobs, improving service delivery and meeting the needs of Territorians. The 2010 Budget focuses on key Government priorities including Territory 2030 and Working Future. Key 2010-11 Budget Highlights The 2010-11 Budget totals $5.1 billion and significantly increases funding for service and infrastructure across the Territory. Operating Expenses Funding to key service delivery agencies in 2010-11 is: $1.16 billion for Health and Families; $886 million for Education and Training; $476 million for Housing, Local Government and Regional Services; $310 million for Police, Fire and Emergency Services; and $216 million for Justice. Capital The 2010-11 Budget includes unprecedented infrastructure expenditure of $1.8 billion. Expenditure is for new and continuing projects, with new projects outlined in later chapters. The continuing projects have increased significantly with the addition of $514 million new and expanded projects during 2009-10, largely included to allow major works to commence in 2009-10. Key projects include: $184 million for Indigenous housing, land servicing and essential services, through the Strategic Indigenous Housing and Infrastructure Program, Remote Indigenous Housing agreement and additional Territory funding; $74 million brought forward from 2010-11 for school upgrades as part of the Commonwealths 2009 stimulus package; $52.5 million for a new emergency department and rectification works at the Alice Springs Hospital; $43.5 million to upgrade the electrical system and stand-by power generation at Royal Darwin Hospital; and $19.6 million for new police stations and officer accommodation at Yarralin, Gapuwiyak and Ramingining. Revenue The Territorys 2010-11 Revenue Budget is $4.8 billion, comprising 52 per cent GST revenue, 31 per cent tied Commonwealth funding and 18 per cent Territory revenue. GST revenue remains the largest source of funds for the Territory, however in 2010-11 it remains lower than historical levels due to the effect of the global financial crisis (GFC), lower relativities and a higher proportion of tied funds from the Commonwealth. GST is not expected to return to pre-GFC levels until 2012-13.
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