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

2 Economy Overview 2008-09 Budget Structure of the Economy The Northern Territory economy is markedly different from other Australian jurisdictions. It has an abundance of natural resources, a large public sector and a significant defence presence. The Territory economy is highly influenced by global economic conditions due to its relatively small size and commodity-focused base. The importance of mining and mining-related production will grow as production reaches full capacity following the completion of major infrastructure projects. The manufacturing base has significantly increased with the Alcan G3 refinery expansion, completed in 2007. A relatively large mining and energy industry means that the Territory economy is capable of high growth as resources are developed. The government administration and defence industry is the largest employer in the Territory, comprising of 24.5 per cent of total Territory employment. Source: ABS Cat. No. 5220.0, Census 2006 Territory Employment and GSP Proportions, 2006-07 0 5 10 15 20 25 A g ri cu ltu re , F o re st ry a n d F is hi n g M in in g M a nu fa ct ur in g U til iti e s C o n st ru ct io n R et ai l a n d W h o le sa le T ra d e A cc o m m o d at io n, C a fe s a n d R e st au ra nt s Tr a n sp o rt a n d C o m m un ic at io n F in a n ce a n d In su ra n ce P ro p e rt y a n d B u si n e ss S e rv ic e s G ov e rn m e nt A dm in is tr at io n a n d D ef e n ce H e a lth a n d E du ca tio n C ul tu ra l a n d R e cr e at io n a l S e rv ic e s P e rs o n a l a n d ot h e r se rv ic e s GSP Employment %