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Budget 2009 is the toughest budget for the Territory since Self-Government. Over the past financial year, we have witnessed an exceptionally swift and severe global economic deterioration. All developed economies, and most of Australia’s major trading partners, have recorded sharply negative growth, and threaten to remain in recession for the foreseeable future. Australia also has been unable to avoid recession. Against this setting, the Territory Government has structured the 2009-10 Budget with a fundamental goal – to protect Territory jobs across all sectors of our economy. Budget 2009 delivers this key priority by building the Territory – at its core is an unprecedented Budget 2009 delivers stronger frontline services and more frontline staff through a record $1 billion health budget, $808 million investment in education, and $279 million for police and emergency services. Despite severe reductions in the GST pool, the Northern Territory has increased investment spending to protect jobs and economic growth. The necessary result is a temporary budget deficit for the first time in six years. Importantly however Budget 2009 demonstrates stringent fiscal and economic management through a five-year strategy to step out of deficit and return to a balanced budget, while maintaining necessary levels of infrastructure spending. This is an unprecedented budget for unprecedented times. It is a budget that concentrates on core government business – keeping people in jobs, keeping our economy strong, and keeping the Territory at the forefront of growth. Delia Lawrie The Budget 2009 website provides direct access to all the Northern Territory's 2009-10 Budget information, including: Budget Papers No. 1, 2, 3 and 4. Budget-Related Papers: Budget Overview, Northern Territory Economy, Economy Overview, and Regional Highlights. Budget 2009 Fact Sheets,
with details on funding various program areas in Government of
general interest. The feedback feature gives you the opportunity to comment on any aspect of the Budget Papers and related material and on the Budget 2009 site. Papers from previous years are also accessible. [top]
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