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 Strategy ________________________________________________________________________________________________ 25 Table 3.3 shows the net operating balance as a proportion of total revenue for each jurisdiction. TABLE 3.3: NET OPERATING BALANCE AS A PROPORTION OF TOTAL REVENUE GENERAL GOVERNMENT 2001-02 2002-03 2003-04 % % % New South Wales +4.2 +3.4 +2.6 Victoria +6.5 +4.8 +1.6 Queensland -4.7 -3.8 +0.3 Western Australia +1.8 +1.5 +0.7 South Australia -2.0 +2.5 +0.3 Tasmania +2.3 +0.4 +1.2 Australian Capital Territory +4.9 +6.2 -0.2 State Average +2.4 +2.2 +1.4 Northern Territory(1) -5.3 -1.6 +0.1 Source: NT Treasury, State Mid-Year, Budget and Outcome reports. (1) 2001-02 Actual excludes transactions of the AustralAsia Railway Corporation Considering the improvement in the Territorys position in 2003-04 and the expectation of consistent net operating balance surpluses from 2005-06, the Territory is expected to meet its target of achieving balance and comparability with other jurisdictions some five years earlier than the target established in 2002-03. Target: Maintain a Capital Investment Strategy Based on Service Delivery and Economic Development Requirements Adequate capital investment is central to the delivery of Government services and the provision of economic infrastructure. Table 3.4 presents the actual and budgeted level of purchases of non financial assets from 2001-02 to 2006-07. TABLE 3.4: PURCHASES OF NON FINANCIAL ASSETS (M) 2001-02(1) 2002-03 2003-04 2004-05 2005-06 2006-07 179 242 193 166 166 166 Source: NT Treasury (1) excludes transactions of the AustralAsia Railway Corporation High levels of capital expenditure in 2002-03 are associated with two major projects the Royal Darwin Hospital redevelopment and the East Arm Port. In 2003-04 and forward years, capital expenditure is forecast to return to more historical levels which meet the social and economic needs of current and future Territorians. COMPETITIVE TAX ENVIRONMENT Target: Ensure Territory Taxes and Charges are Competitive with the Average of the States The Government is committed to maintaining taxation at levels that are competitive with other States. Comparisons of relative tax competitiveness are complex due to inherent differences in respective economies and in taxation regimes. Taxation revenue per capita is a simple summary measure.