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 26 _______________________________________________________________________________________________ TABLE 3.5: TAXATION REVENUE PER CAPITA GENERAL GOVERNMENT 2001-02 2002-03 2003-04 $ per capita $ per capita $ per capita New South Wales 1 999 2 058 2 053 Victoria 1 812 1 886 1 910 Queensland 1 314 1 434 1 423 Western Australia 1 539 1 676 1 800 South Australia 1 447 1 529 1 551 Tasmania 1 087 1 050 1 086 Australian Capital Territory 1 808 1 956 1 980 State Average 1 708 1 790 1 807 Northern Territory 1 150 1 288 1 278 Source: NT Treasury, State Mid-Year, Budget and Outcome reports. In 2003-04, the Territory is expected to have the second lowest level of taxation revenue per capita after Tasmania while taxation per capita is a useful comparative measure it is limited in that it does not make any allowances for differences in States capacities to raise revenue. A more sophisticated measure of tax competitiveness is the Commonwealth Grant Commissions analysis of tax effort, which adjusts for the extent to which a particular States capacity to raise revenue is above or below average. Table 3.6 details the Territorys revenue raising capacity and effort expressed as a percentage of the Australian average in 2001-02, the latest year assessed by the Commonwealth Grants Commission. TABLE 3.6: NORTHERN TERRITORY REVENUE RAISING CAPACITY AND EFFORT 2001-02. AUSTRALIAN AVERAGE = 100 PER CENT Capacity1 Effort2 % % Total Taxation 74 97 Total Own-Source Revenue 3 86 92 Source: Commonwealth Grants Commission 2003 Update 1 Northern Territorys capacity to raise revenue compared to the Australian average. 2 Northern Territorys revenue effort compared with the Australian average, given the capacity available. 3 Interest earnings and contributions from trading enterprises have been excluded from Total Own-Source Revenue due to their equal treatment of capacity across all jurisdictions. The Commonwealth Grants Commissions assessment shows that the Territorys tax effort (97 per cent) is much closer to the Australian average (100 per cent) than the simple per capita measure implies. It also shows that the low per capita measure is largely due to the Territorys low tax raising capacity, rather than a lack of effort. Further interjurisdictional comparisons of individual tax revenue measures are provided in Chapter 7. Considering total own-source revenue, the Territorys revenue effort is 92 per cent of the Australian average. This suggests that the Territorys revenue from sources other than taxation, such as fees and charges, is significantly below average. As shown in Table 3.7, taxation revenue per capita is expected to remain fairly stable over the forward estimates period, suggesting that the Territory will remain competitive with the States.