Territory Stories

February 2008 report to the Legislative Assembly



February 2008 report to the Legislative Assembly


Report to the Legislative Assembly; Reports; PublicationNT




Made available via the Publications (Legal Deposit) Act 2004 (NT).






Northern Territory. Auditor-General's Office -- Periodicals; Finance, Public -- Northern Territory -- Accounting -- Periodicals; Northern Territory -- Appropriations and expenditures -- Periodicals

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Northern Territory Auditor-General's Office

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Auditor-General for the Northern Territory February 2008 Report 23 -40 -20 0 20 40 60 80 100 120 Vic NSW Qld SA WA Tas Av. State NT Pe rc en ta ge o f T ot al R ev en ue Analysis of the Treasurers Annual Financial Statement cont However, the Northern Territory continues to lag other jurisdictions in terms of its financial position. This is illustrated in Figure 3 which shows the Net Debt plus unfunded superannuation liabilities as a percentage of total revenue of the respective General Government sectors of the Northern Territory and each of the Australian states: Figure 3 Comparative Net Debt Plus Unfunded Superannuation Liabilities as Percentage of Total Revenue General Government Sector As At 30 June 2007 The relatively high level of liabilities, including superannuation, suggests that the Territory will need to continue to achieve sound financial results for the foreseeable future if the overall level of liabilities is to decline to a level that approaches the average liability of the states. As already indicated, the Territory relies very heavily upon GST revenues and the amount distributed by the Commonwealth to the Territory is a function of the size of the GST pool and the relativities recommended by the Commonwealth Grants Commission.

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