Territory Stories

Budget papers 2007 - 2008

Details:

Title

Budget papers 2007 - 2008

Other title

2007/08 Budget paper

Creator

Northern Territory. Department of Treasury

Collection

Northern Territory budget papers; Reports; PublicationNT

Date

2007-05-01

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

2007/08

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/10070/244905

Citation address

https://hdl.handle.net/10070/591630

Related items

https://hdl.handle.net/10070/591624; https://hdl.handle.net/10070/591625; https://hdl.handle.net/10070/591628; https://hdl.handle.net/10070/591632; https://hdl.handle.net/10070/591634; https://hdl.handle.net/10070/591619; https://hdl.handle.net/10070/591621; https://hdl.handle.net/10070/591623

Page content

Economy Overview Prices and Wages In 2006, Darwins Consumer Price Index (CPI) increased by 4.4percent, compared to a 3.5percent increase nationally. Inflation in the Territory is expected to fall significantly in 2007, largely reflecting moderating growth in housing prices and lower fuel and banana prices. Darwin CPI growth of 3.0percent and 2.5percent, is forecast for 2007 and 2008 respectively. In 2006, the Territorys Wage Price Index increased by 3.9percent compared to 4.0percent nationally. Strong wages growth in the Territory and nationally over the past two years reflects the impact on wages growth of the tight labour market and skilled labour shortages, especially in construction, mining and health. Wages growth in the Territory is expected to moderate in 2007 as the Alcan G3 refinery expansion is completed and growth in public sector wages is constrained by the Territory Governments public sector wages policy. -1 0 1 2 3 4 5 6 7 98 99 00 01 02 03 04 05 06 07e 08f Darwin (quarterly) Eight capitals (quarterly) Darwin (year on year) Eight capitals (year on year) % Year ended December Consumer Price Index e: estimate; f: forecast Source: Northern Territory Treasury, ABS Cat. No. 6401.0


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