Tuesday, May 18, 2021

The freedom of the press still furnishes that check upon government which no constitution has ever been able to provide – Chicago Tribune.

Tags Northern Territory budget

Tag: Northern Territory budget

Budget challenges "a perfect storm"

2534 Budget SM2534 Budget speech SM

 

A $6.2b Budget, net debt of $4.5b, borrowings of $6.55b and interest payments of $324m while the population will drop: Not a pretty picture. Photo Treasurer Nicole Manison. ERWIN CHLANDA reports.

 

UPDATE 12.40pm: The Budget is a disappointing, missed opportunity to attract investment, grow the economy, and create new jobs, says miners.

Indigenous gallery, museum, CBD 'revitalisation' not in Budget

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The National Indigenous Art Gallery and the Indigenous Art Museum for Alice Springs are not in the 2017/18 Territory Budget of $6.7b, being announced this morning by Treasurer Nicole Manison (pictured). Its record $1.3b deficit will result in interest payments of $69.7m in 2017/18. ERWIN CHLANDA reports.

 

Needed youth services missing from Budget: Councillor

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I had hoped the NT Government would prioritise in the Budget after hours services given the recent focus on issues around young people on the streets at night, writes Chansey Paech, Alice Springs Town Councillor (pictured).

 

Budget gets thumbs up from interest groups

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New Opposition Leader Michael Gunner (pictured) attacks the Budget's spending on health in his reply speech today, but makes no mention of the Central Australian Health Service being allocated $38m for capital works, including $34m to be spent in Alice Springs. Local Labor branch president Chansey Paech declines to be interviewed.

 

Tollner's Budget measure to stop mining royalties minimisation

It's going to net the Territory Budget only $10m but it seems to be the kind of measure that could have delivered to Julia Gillard the motza in revenue she isn't getting from the mining industry. ERWIN CHLANDA reports. PHOTO: A Crossland uranium exploration crew in Central Australia.

The flip side of the coin

A very interesting segment from the
article “The lighter side of lawmaking”, published in the Alice Springs
News on 11 August, 2011, is repeated here.

Shadow Treasurer John Elferink says under Labor, the Territory’s net
debt has blown out to $6.7billion, including liabilities. A dollar coin
weighs 9 grams, is 25mm in diameter and 3mm thick. There are 111 dollar
coins in a kilo, 111,111 in a tonne.

He says the Territory’s debt takes on mind-boggling proportions. ALEX NELSON gives his calculator a work-out.

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