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 66 _______________________________________________________________________________________________ distribution the Territory receives only 21 per cent of national funding based on 1987 needs data. The latest data justifies a Territory share of 40 per cent. Negotiations with the Commonwealth are continuing. Australian Health Care Agreements (AHCAs) AHCAs provide core funding to the States primarily for the provision of hospital services. The current agreement expires on 30 June 2003. The Prime Minister wrote to all States outlining the Commonwealths AHCA proposal in April 2003. The proposed agreement is for five years beginning in 2003-04, and has a sign-up deadline of 31 August 2003. In addition to providing direct funding for hospitals in the Territory, AHCA indirectly affects the Territorys share of GST revenue grants through the Commonwealth Grants Commissions processes. This indirect impact effectively overcomes the inequitable equal per capita distribution of AHCA grants to the States. The Commonwealths offer is considered by all States to be inadequate. Nationally the proposal is $1 billion less than a continuation of the existing funding and indexation arrangements. The Territorys share of this cut is $16 million. Other concerns with the proposal include: the introduction of penalties for non-compliance with certain aspects of the agreement; a requirement for States to match the Commonwealths annual growth funding; and a lack of any financial commitment to reform. An additional concern for the Territory is the inequity of the matching requirements, which requires the Territory to put in significantly more funding per capita than any other State, and the higher penalty that would apply to the Territory for non-compliance. Negotiations with the Commonwealth are expected to continue for some time. NATIONAL SHARES OF REVENUES Intergovernmental financial relations in Australia are characterised by a heavy reliance of the States on Commonwealth funding, which results from a mis-match between the expenditure responsibilities and revenue raising powers of the two levels of government. In 2001, the Territory, in conjunction with other States and the Commonwealth, produced a paper on State and Territory Shares of National Tax Revenues (refer to Chapter 6, Budget Paper 3, 2001-02 May Budget). The paper analysed trends in revenue raising and revenue sharing between the Commonwealth and the States from 1983-84 to 1998-99 and the projected impact of the Commonwealths tax reforms. The paper concluded that: the States share of national revenue and outlays has declined even though the States have increased their own-source revenue effort; the States will be better off under the new arrangements which will provide them with all of the GST revenue; however specific purpose payments and own-source revenue will remain an important source of revenue to the States in the future. The Territory produced an updated version of the paper on behalf of all States for the 2003 Treasurers Conference. The paper includes the latest available data and projects forward to 2005-06 and it is reproduced as an appendix to this chapter. The paper demonstrates that: