The Northern Territory budget sees a significant boost for roads and the prison system as the budget bottom line slips into a deficit.
abc.net.au/news/nt-budget-2023-record-spend-boost-for-corrections-health/102316586The Northern Territory treasurer is staying bullish on the government's target to create a $40 billion economy by 2030, despite the the latest budget forecasting a significant shortfall on that by 2027.
The budget papers show the territory will head into a $200 million net operating deficit — which involves the day-to-day spending to run the government — in the coming financial year. "We are a growing economy because we are diversifying our economy — and diversification means opportunity," Ms Lawler said.The NT government also remains set on its deadline to create a $40 billion economy by 2030, however the budget forecasts this to be about $13 billion shy of that target by 2027.
It does, offer $19 million for a new permanent police station for the remote community of Peppimenarti, which has been struggling with an increase in social unrest.
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