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NTG to repeal debt cap, with Treasurer accusing Labor of “sneaky tactics” to hide true costs so as not to breach the cap it introduced

NT Treasurer Bill Yan has accused Labor of hiding the true cost of projects in a bid to not hit the debt cap of $15 billion accessible debt, introduced in 2021 by the Gunner Government.

He told Katie Woolf the former government funded projects and programs year on year instead of long term and didn’t factor in operational costs, which would have forecast a breach of the debt cap sooner.

Mr Yan says the government has no choice but to remove the debt cap and plans to introduce legislation to repeal it when parliament sits next week.

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