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

0 Northern Territory 007-08 budget Construction and Property The Territory construction industry accounted for about 7 per cent of GSP on average over the past five years to 2005-06, and employed about 7.8 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. They are significant both on a Territory and a national scale and can lead to substantial volatility in the value of construction work done. In 2005-06, total construction activity increased by 5.9 per cent to $2.4 billion, supported by major resource-based engineering projects such as the Darwin LNG plant at Wickham Point and the $3 billion Alcan refinery expansion. Declining construction growth in 2006-07 comes as investment for Bayu-Undan stage 2 (LNG plant and associated sub-sea pipeline) and the Alcan refinery expansion, the main drivers of engineering work done, are completed. Northern Territory construction activity will contract substantially in 2007-08. However, new mining and engineering based projects will ensure that total construction activity will remain at levels above historical averages over 2007-08. Total 0.0 0.5 1.0 1.5 2.0 2.5 3.0 95 96 97 98 99 00 01 02 03 04 05 06 07e 08 Residential Non-residential Year ended June $B f Engineering Territory Construction Work Done (moving annual total) e: estimate; f: forecast Source: Northern Territory Treasury, ABS Cat. Nos. 8752.0, 8782.0.65.001