Northern Territory budget papers 2003 - 2004
2003/04 Budget paper
Northern Territory. Department of Treasury
Northern Territory budget papers; E-Journals; PublicationNT
2003-05-29
Made available via the Publications (Legal Deposit) Act 2004 (NT).; Please Note: This can't be read online. Please download to read the documents
Northern Territory Budget paper No. 01 2003-04 Speech and Appropriation Bill -- Northern Territory Budget paper No. 02 2003-04 Fiscal and Economic Outlook -- Northern Territory Budget paper No. 03 2003-04 The Budget -- Northern Territory Budget paper No. 04 2002-03 Capital Works Program -- Northern Territory Budget paper No. 05 2002-03 Budget Overview -- Budget paper No. 06 2002-03 NT Economy -- Northern Territory Budget paper No. 07 2002-03 Regional Highlights -- Northern Territory Budget paper No. 08 2002-03 Building Territory Business
English
Appropriations and expenditures; Periodicals; Budget; Finance, Public
Northern Territory Government
Darwin
2003/04
application/pdf
Attribution International 4.0 (CC BY 4.0)
Northern Territory Government
https://creativecommons.org/licenses/by/4.0/
https://hdl.handle.net/10070/591859 [LANT: E-Journals: Northern Territory Budget paper No. 01 2003-04 The Speech and Appropriation Bill]; https://hdl.handle.net/10070/591861 [LANT: E-Journals: Northern Territory Budget paper No. 02 2003-04 Fiscal and Economic Outlook]; https://hdl.handle.net/10070/591863 [LANT: E-Journals: Northern Territory Budget paper No. 03 2003-04 The Budget]; https://hdl.handle.net/10070/591865 [LANT: E-Journals: Northern Territory Budget paper No. 04 2003-04 Capital Works Program]; https://hdl.handle.net/10070/591867 [LANT: E-Journals: Northern Territory Budget paper No. 05 2003-04 Budget Overview]; https://hdl.handle.net/10070/591869 [LANT: E-Journals: Northern Territory Budget paper No. 06 2003-04 NT Economy]; https://hdl.handle.net/10070/591871 [LANT: E-Journals: Northern Territory Budget paper No. 07 2003-04 Regional Highlights]; https://hdl.handle.net/10070/591873 [LANT: E-Journals: Northern Territory Budget paper No. 08 2003-04 Building Territory Business]
https://hdl.handle.net/10070/244898
https://hdl.handle.net/10070/591861
https://hdl.handle.net/10070/591865; https://hdl.handle.net/10070/591867; https://hdl.handle.net/10070/591869; https://hdl.handle.net/10070/591871; https://hdl.handle.net/10070/591873; https://hdl.handle.net/10070/591859; https://hdl.handle.net/10070/591863
Fiscal and Economic Outlook 122 ______________________________________________________________________________________________ PUBLIC PRIVATE PARTNERSHIPS Public Private Partnerships (PPP) is a term used to describe a method of procuring Government infrastructure and associated services. PPP is a method of obtaining greater levels of private sector investment in social and economic infrastructure and it defines a way in which commercial dealings between the public and private sector could work. The Territory released a draft PPP framework for public comment in March 2003 entitled Territory Partnerships. In line with a move by all governments in Australia towards uniform policy in this area, the policy is largely based on the policies of both the Victorian and New South Wales Governments. The PPP framework consists of the: policy framework document which provides an overview of the PPP concept and the way it is proposed to be applied in the Territory; detailed guidance materials which outline the Territorys proposed application of the PPP framework in the Territory context; and appendices which provide detailed information about certain issues such as risks involved in the PPP process and potential allocation of these risks between parties. Key issues in the Territorys draft policy and guidance material include: the primary decision-making criteria as to whether to pursue a PPP are value for money and whether the project is considered to be within the public interest; all potential PPP projects would require a public sector cost comparator to be developed; the project would need to be of sufficient scale ($20 million Net Present Value whole of life costs would normally be the minimum size, but projects down to $10 million NPV may be considered. While interstate experience would suggest this may be too small given the necessary costs involved in a PPP approach, many Territory companies may see the figure as too high a barrier for their involvement); projects should have capacity for optimal risk transfer from the public sector to the private sector; projects should allow for innovative solutions from the private sector; projects should provide a genuine business opportunity for the private sector; and a competitive bidding environment should be fostered. The Territory has formed a working group consisting of representatives from Government and industry which has the key task of providing feedback on the draft materials and identifying potential PPP projects for Territory consideration. COMMERCIAL RISKS IN RELATION TO THE BUDGET In addition to changes in economic and other parameters as discussed in the statement of risks in Chapter 2, other factors which can affect the Budget outcome result from the commercial relationships and dealings between the Territory Government and other governments and the private sector such as: the exclusion of certain items from forecasts because of uncertainty about their timing; and the crystallisation of contingent liabilities.