TREASURER: “We’ve gone through a few really challenging years off the back of the Inpex project but the economic outlook is bright and we are starting to move forward to a new growth phase”
The Northern Territory Budget is being handed down today.
Treasurer Nicole Manison has announced a $1.45 billion investment to infrastructure projects in the coming financial year aimed at stimulating the economy.
The Government has also earmarked $8.4 million to be invested over two years on a program dubbed - Territory Workforce 4.0, aimed at developing skills for the next generation of Territorians to fill jobs that service a highly technological community in the future.
The Treasurer yesterday claimed some of their heavy lifting is making a difference.
“We’ve gone through a few really challenging years off the back of the Inpex project but the economic outlook is bright and we are starting to move forward to a new growth phase,” Manison said.
The Budget is not forecast to return to surplus until 2027/28, but Ms Manison said conservative forecasting meant it was possible one could come sooner.
But, Opposition Leader Gary Higgins said it’s too soon for the Government to congratulate itself for a job well done, after CommSec’s quarterly State of the States report last week ranked the Territory as Australia’s poorest performing economy.
“The Treasurer seems to think everything has become rosy overnight. It hasn’t,” Mr Higgins told the NT News.
He has hit out at the Government for committing to another Arafura Games before the economic impact of this month’s event could be determined.
Photo:Nicole Manison facebook