UPDATED October 25, 2012, 11.55 am. See FULL STORY.
Reducing debt means reducing the size of the public service
Economist Rolf Gerritsen welcomes the Country Liberals Government's "fiscal rectitude": "Let us hope that [it] lasts longer than the Government’s first budget (which is as long as it lasted when the Martin Government was elected)." He describes the Government's intentions to return the NT budget to surplus by the end of its first term and then to begin repaying debt as "laudable" as interest costs "are a dead weight on the budget". KIERAN FINNANE reports.