Territory Stories

Northern Territory budget papers 2019-20

Details:

Title

Northern Territory budget papers 2019-20

Other title

2019/20 Budget papers

Creator

Northern Territory. Department of Treasury and Finance

Collection

Northern Territory budget papers; Reports; PublicationNT

Date

2019-05-07

Notes

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

Language

English

Subject

Appropriations and expenditures; Periodicals; Budget; Finance, Public

Publisher name

Northern Territory Government

Place of publication

Darwin

Volume

2019/20

File type

application/pdf

Use

Attribution International 4.0 (CC BY 4.0)

Copyright owner

Northern Territory Government

License

https://creativecommons.org/licenses/by/4.0/

Parent handle

https://hdl.handle.net/10070/810692

Citation address

https://hdl.handle.net/10070/810696

Related items

https://hdl.handle.net/10070/810699; https://hdl.handle.net/10070/810694; https://hdl.handle.net/10070/810695; https://hdl.handle.net/10070/810697; https://hdl.handle.net/10070/810698; https://hdl.handle.net/10070/810700; https://hdl.handle.net/10070/810693

Page content

50 Glossary 2019-20 Budget Glossary Capital grants Capital grants are provided to fund the construction or upgrade of significant assets owned by entities outside the budget sector (grant recipients). Works may be managed by either the grant recipient, to which the grant is provided directly, or the Department of Infrastructure, Planning and Logistics, in which case grant funds are held by the agency providing the grant and the asset is transferred to the grant recipient on completion of construction. Capital works Capital works are defined as building and engineering works that create an asset, as well as constructing or installing facilities and fixtures associated with, and forming an integral part of, those works. Capital works projects would typically include constructing buildings, roads and bridges, installing large airconditioning plants or lifts, upgrading or extending existing buildings, and major roadworks that upgrade existing roads. A further breakdown is provided, differentiating between major and minor new works (see definitions below). The capital works definition excludes capital items, which are capital purchases where limited construction or fabrication is required, such as equipment and vehicles. Repairs and maintenance work is also excluded as this work relates to maintaining an existing asset in a workable condition, not constructing or upgrading an asset. Capital works cash and program Capital works cash is the funding expected to be spent on a project or projects in a financial year. Capital works program is the total amount approved to deliver a project or projects. Goods and services tax (GST) Program amounts shown are exclusive of GST. Government owned corporation A government owned corporation is a corporatised commercial entity within the terms of the Government Owned Corporations Act and is not included in the budget sector due to its commercial nature. Territory government owned corporations are Power and Water Corporation, Territory Generation and Jacana Energy. Infrastructure program The infrastructure program combines capital works, capital grants, repairs and maintenance, and infrastructure-related expenses. It represents the Territory Governments total commitments to the construction and maintenance of assets across the Territory (including both government and non-government owned assets). Infrastructure-related expenses Infrastructure-related expenses are operational costs that directly relate to the infrastructure program, including strategic infrastructure-related studies, investigations, master planning, project development and consultancy costs not specific to an asset. Major new works Major new works are construction projects with an estimated value greater than $500 000 that relate to improvements to or construction of a new Territory Government asset. Minor new works Minor new works are construction projects with an estimated value of up to $500 000 that relate to improvements to or construction of a new Territory Government asset.