NT budget reveals record net debt of more than $11 billion, with big hit to mining royalties

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Northern Territory News

NT,Nt Government,Federal Government

Eva Lawler has handed down her first budget as the NT's leader, and despite big ticket spends on police and education, she admits it isn't pretty.

The newly released NT budget for 2024-25 reveals the jurisdiction is tipping into record levels of net debt at more than $11 billion for the looming financial year.predicted levels from last year)

The territory leader's point refers to her government's hefty spends on the difficult issues of remote housing, health, education and on the police force.But there are also alarming indications that the NT's financial situation is going to get much more difficult before it improves – and it won't be easily solved by government spending.

She can argue that there was a recent police resources review that guided her team to make the latest budget boost, but theThe NT government is now trying to convince the population that it has read the room and is focused on delivering change to high crime rates and low economic activity."We need a responsible budget that sets us up for long-term fixes."

Source: Education Headlines (educationheadlines.net)

NT Nt Government Federal Government Budget Eva Lawler Spending Government Spending

 

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