Territory Stories

Budget papers 2008 - 2009

Details:

Title

Budget papers 2008 - 2009

Other title

2008/09 Budget paper

Creator

Northern Territory. Department of Treasury

Collection

Northern Territory budget papers; Reports; PublicationNT

Date

2008-05-06

Notes

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

Language

English

Subject

Appropriations and expenditures; Periodicals; Budget; Finance, Public

Publisher name

Northern Territory Government

Place of publication

Darwin

Volume

2008/09

File type

application/pdf

Use

Attribution International 4.0 (CC BY 4.0)

Copyright owner

Northern Territory Government

License

https://creativecommons.org/licenses/by/4.0/

Parent handle

https://hdl.handle.net/10070/244906

Citation address

https://hdl.handle.net/10070/591614

Related items

https://hdl.handle.net/10070/591610; https://hdl.handle.net/10070/591616; https://hdl.handle.net/10070/591612; https://hdl.handle.net/10070/591602; https://hdl.handle.net/10070/591605; https://hdl.handle.net/10070/591607; https://hdl.handle.net/10070/591608

Page content

11Economy Overview Construction The construction industry accounted for about 8.3 per cent of GSP on average over the five years to 2006-07, and employed about 7.9 per cent of the workforce. Projects such as the Alcan G3 refinery expansion at Gove have a huge impact on the value of construction work done in the Territory. The value of such projects are significant both on a Territory and a national scale and can lead to substantial volatility in the value of construction work done. In 2006-07, total construction activity decreased by 12.6 per cent to $2.2 billion, supported by major resource-based engineering projects such as the Alcan refinery expansion. Declining construction growth in 2007-08 comes as investment for the Alcan expansion, the main driver of engineering work done, is completed. Northern Territory construction activity will continue to contract in 2008-09. Nevertheless, construction activity will remain at levels above the historical average, supported by new mining and engineering projects in the private sector and increased investment by the Territory Government in infrastructure, housing and utilities. e: estimate; f: forecast Source: ABS Cat. No. 8752.0, Northern Territory Treasury Engineering Total 0.0 0.5 1.0 1.5 2.0 2.5 3.0 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08e 09f Residential Non-residential Year ended June $BTerritory Construction Work Done