February 2008 report to the Legislative Assembly
Report to the Legislative Assembly; Reports; PublicationNT
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Northern Territory. Auditor-General's Office -- Periodicals; Finance, Public -- Northern Territory -- Accounting -- Periodicals; Northern Territory -- Appropriations and expenditures -- Periodicals
Northern Territory Auditor-General's Office
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Auditor-General for the Northern Territory February 2008 Report 21 Analysis of the Treasurers Annual Financial Statement cont Principal What Is Required? Extent To Which Target Achieved Competitive tax environment Ensure Territory taxes and charges are competitive with the average of the States. Based upon the average tax effort of all jurisdictions and taking into account levies and charges that are imposed in other jurisdictions, but not in the Territory, the total tax effort by the Territory is comparable with the average of all other jurisdictions. Prudent management of liabilities Net Debt and employee liabilities as proportion of total revenue to fall, with the target being 110 per cent by 2010-11. The ratio for 2006-07 was 106 per cent at 30 June 2007. This ratio may exhibit some growth in the short to medium term as superannuation liabilities continue to increase and as borrowings to finance the Power and Water Corporation capital program are undertaken. However the forecast decline in superannuation liabilities after 2016-17 should see the published target achieved.