Tag: Debt

How can the NT spend money allocated for remote Indigenous disadvantage elsewhere?

On a warm tropical Friday morning just before Christmas, the Northern Territory Government laid bare what many had suspected for years: the NT was dead broke and borrowing $4 million a day just to meet operational expenses, including public servants’ salaries.

The debt — long raised by the previous Country Liberals government as a political bogeyman — is now projected to blow out from $3 billion to an eye-watering $35 billion over the next 10 years.

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