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 2024 Pre-Election Fiscal Outlook (PEFO) published in August 2024, containing the Territory’s fiscal outlook prior to the Northern Territory Legislative Assembly general election.

Chapter 2: fiscal outlook outlines factors and considerations contributing to any material differences between the budget and previous fiscal outlook projections. 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 largely outside the control of government, such as the timing of expenses or changes in external economic conditions affecting; interest revenue, GST revenues, taxation collections and royalties.

Read Budget strategy and outlook (BP2) PDF (1.2 MB)

Table 2.3 summarises the effect of policy and non-policy changes on the non financial public sector’s fiscal balance since the 2024 PEFO.

BP2, Table 2.3: Non financial public sector fiscal balance - policy and non-policy changes since 2024‑25 Budget