Where does the Territory Government’s revenue come from

The two main sources of revenue for the Territory Government are Commonwealth revenue (GST, untied and tied grants) and own-source revenue (mainly taxes and mineral royalties). Commonwealth revenue represent 70% of total revenue to the Territory. Detailed discussion is provided on both in BP2 Budget Strategy and Outlook. See chapters 2, 5 and 6.

BP2 Budget Strategy and Outlook

BP2 Chapter 2: Fiscal outlook outlines components of the Territory’s revenue sources and how much the government expects to raise during the budget and forward estimates period. (Table 2.6 Non financial public sector – revenue)

Further details of the Territory’s revenue sources can be found in chapters 5: Intergovernmental financial relations issues and 6: Territory taxes and royalties. Chapter 5 provides details on Commonwealth revenue to the Territory in the form of GST revenue and other tied Commonwealth payments. It includes a discussion on changes to consumer behaviour in Australia that have affected how much GST is collected, and therefore how much is distributed to the Territory. Chapter 6 outlines the Territory’s own-source revenue from taxes and royalties, and incorporates estimates, forecasts, new initiatives and a comparison of the Territory’s taxation revenue with other jurisdictions.

BP2, Table 2.6: Non financial public sector – revenue

2020-212021-222022-232023-242024-25
RevisedBudget Forward estimate
  $M $M $M $M $M
Revenue     
Taxation revenue 509 546 568 588 611
GST revenue 2 896 3 159 3 127 3 207 3 302
Current grants 1 441 1 458 1 075 1 004 962
Capital grants 340 555 466 459 218
Sales of goods and services 1 144 1 106 1 154 1 198 1 235
Interest income 76 81 84 87 90
Dividend and income tax equivalent income 33 41 41 38 33
Mining royalties income 378 344 337 323 331
Other 98 106 92 101 106
Total revenue6 9147 3966 9437 0056 888
Year-on-year percentage change (%) n/a 7 - 6.1 0.9 - 1.7