Budget papers 2008 - 2009
2008/09 Budget paper
Northern Territory. Department of Treasury
Northern Territory budget papers; Reports; PublicationNT
2008-05-06
Made available via the Publications (Legal Deposit) Act 2004 (NT).
English
Appropriations and expenditures; Periodicals; Budget; Finance, Public
Northern Territory Government
Darwin
2008/09
application/pdf
Attribution International 4.0 (CC BY 4.0)
Northern Territory Government
https://creativecommons.org/licenses/by/4.0/
https://hdl.handle.net/10070/244906
https://hdl.handle.net/10070/591614
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
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