What lenders are very concerned about is the financial state of the Budget and in particular how much spending is exceeding revenue and how much debt the Territory has, writes Professor DON FULLER in the final part of his series about Northern Territory Budget issues. PHOTO: Treasurer Nicole Manison handing down the Budget in May 2018.
John Langalount, the Head of the Review into NT Budget repair found that NT Budgets had been treated more like “rough guides” rather than serious financial plans. Now Territorians can expect another “rough guide” for a fiscal outlook. Professor DON FULLER comments, Part 6.
Millions for a drinks company on the rocks and a grandstand for the Darwin Turf Club as the Territory stumbles towards a record debt: In Part Five of his series Professor DON FULLER further assesses the Gunner Government which now may be within days of its demise. PHOTO: A bloated bureaucracy.
The Territory election is two months away, the COVID-19 shutdown is relaxing, and voters now have to grapple with its impact in the context of the Gunner Government's fiscal chaos. That has resulted in a record debt – so far – of more than $7 billion. Professor DON FULLER is casting a light on these issues.
Governments usually borrow money for creating infrastructure. In the Territory the cash is needed to pay the public servants' wages. DON FULLER reports. PHOTO: After three years of divisive Aboriginal art gallery debate, a hole in the ground is all the government has to show for, and the demolition of a perfectly good building, the historic Anzac highschool.
The Gunner Government has again shut down real transparency on the Territory’s books in the Public Accounts Committee, the forum the government promised would be the outlet for scrutiny and openness, Opposition Leader Lia Finocchiaro (pictured) writes.