How do the budget’s financial projections compare to those previously published by the Territory Government
Comparisons are made in BP2 Budget Strategy and Outlook with the last budget (tabled in May 2022).
BP2: Budget Strategy and Outlook
Chapter 2: Fiscal outlook outlines factors and considerations contributing to any material differences between the budget and previous financial projections published by the Territory Government. The chapter includes reconciliation tables that illustrate key policy and non-policy factors that have affected financial projections.
Policy factors include new funding commitments made by government, savings and revenue-raising measures and additional capital works commitments.
Non-policy factors are measures outside the control of government, such as variations to the timing of expenses, interest revenue, GST revenues, taxation collections and royalties.
Table 2.3 summarises the effect of policy and non-policy changes on the non financial public sector’s fiscal balance since the 2022-23 Budget, published in May 2022.
BP2, Table 2.3: Non financial public sector fiscal balance – policy and non-policy changes since 2022‑23 Budget
| 2022-23 | 2023-24 | 2024-25 | 2025-26 | |
|---|---|---|---|---|
| Revised | Budget | Forward estimate | ||
| $M | $M | $M | $M | |
| 2022-23 Budget | - 1 110 | - 551 | - 330 | - 17 |
| Policy changes | - 34 | - 116 | - 124 | - 119 |
| Non-policy changes | 103 | - 90 | - 12 | - 51 |
| 2022-23 Mid-Year Report | - 1 041 | - 757 | - 466 | - 186 |
| Policy changes | - 232 | - 456 | - 149 | - 53 |
| Non-policy changes | 775 | 78 | 41 | 59 |
| 2023-24 Budget | - 498 | - 1 134 | - 574 | - 181 |