Tough on crime and low on sweeteners, The Northern Territory budget has been handed down, with few surprises. As the Government continues it's no frills, debt conscious approach. The Northern Territory recorded an improved debt position. With net debt to hit 11-point-three-billion-dollars by the end of 2025-26, 841 million less than the forecast in last year's budget. Next financial year, the debt will climb to 12-point-five-billion-dollars. 552 million less than previously projected, before reaching a peak in 2028-29. The government says the budget is focused on Territorians' needs, with record spends on health, corrections and police. Treasury says the improved debt position is from higher GST payments from the Commonwealth, as well as higher tax and royalty revenue, although the gains have been tempered by damage caused by severe weather and the global fuel crisis.
