The Territory Government will tomorrow hand down its first budget since revealing a financial crisis in December that an independent audit found was caused in part by unchecked spending over successive governments and little accountability over how taxpayers' dollars were spent.
Category Archives: Economic and Social Development
How viable is a spaceport in the remote Top End?
Plans to develop a spaceport to launch suborbital satellites from on Aboriginal-owned land in East Arnhem Land are underway and the ABC has been told the project is on track, with a rocket potentially in the air this dry season. But could the site function like a rocket airport for organisations like NASA?
Why we have a booming budget and a sluggish economy
When Treasurer Josh Frydenberg hands down his maiden budget next week, it will be an election document bloated by the proceeds of mining revenues — but that sudden influx of cash and the spin that goes with it, sits strangely at odds with a general sense of funk over the direction of our economy, writes Ian Verrender.
300 public service job cuts planned in NT cost-cutting blitz
The NT Government announces plans for the new public service jobs cap at the same time as it stares down a no-confidence motion in parliament, brought on by the Opposition CLP who accused the Government of mishandling the economy.
‘We might get our pub back’: $50 million jetty replacement gives town new hope
The Mandorah Jetty was originally constructed in the late 1960s and was badly damaged during the 1974 Christmas cyclone. Now, after years of patchy repairs and upgrades, the NT Government bites the bullet and commits to a replacement with expected completion in 2022.
Can political elites at Davos mend rising populism and inequality, or are they part of the problem?
The world's richest and most powerful people are gathered in Switzerland to tackle pressing global issues, but analysts say the model over which they preside is fuelling populism and increasing inequality.
Paris police use tear gas and water cannons on ‘yellow vest’ protesters
As President Emmanuel Macron's popularity continues to plummet, French protesters take to the streets over rising fuel costs, an issue that taps into broader disquiet about the direction of the Fifth Republic.
How Australia can avoid its own Day Zero
From Sao Paulo to Bangalore, researchers have watched Cape Town deal with a crisis that could unfold in their own drought-prone cities. Australian cities need to pay attention.
Controversial NT Infrastructure Development Fund axed
A controversial development fund, costing Territorians an estimated $200,000 a month despite only making one investment, is dissolved by the Northern Territory Government, freeing up $185 million in funding.
Wonder Down Under: Is Australia’s luck running out?
When you compare Australia's economic record and standards of living, it's not hard to see how we became known as the 'lucky country'.