Where does the Territory Government’s revenue come from?
The 2 main sources of revenue for the Territory Government are Commonwealth revenue (GST and tied grants) and own-source revenue (mainly taxes and royalties). Commonwealth revenue represents 71% of total revenue to the Territory. Detailed discussion is provided in BP2 Budget strategy and outlook on both. See chapters 2, 5 and 6.
BP2 Fiscal 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: Commonwealth revenue and 6: Territory taxes and royalties. Chapter 5 provides details on Commonwealth revenue to the Territory in the form of GST revenue and tied Commonwealth payments. 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 components
2024-25 | 2025-26 | 2026-27 | 2027-28 | 2028-29 | |
---|---|---|---|---|---|
Revised | Budget | Forward estimate | |||
$M | $M | $M | $M | $M | |
Taxation revenue | 797 | 748 | 745 | 773 | 804 |
GST revenue | 4 287 | 4 571 | 4 725 | 4 960 | 5 200 |
Current grants | 1 733 | 1 924 | 1 752 | 1 712 | 1 725 |
Capital grants | 535 | 679 | 765 | 662 | 656 |
Sales of goods and services | 1 164 | 1 486 | 1 502 | 1 557 | 1 587 |
Interest income | 160 | 143 | 146 | 150 | 154 |
Dividend and income tax equivalent income | 30 | 45 | 59 | 60 | 59 |
Mining royalties | 298 | 346 | 260 | 324 | 261 |
Other revenue | 126 | 99 | 97 | 99 | 104 |
Total revenue | 9 131 | 10 042 | 10 051 | 10 297 | 10 550 |
- Where do I start?
- What is the Territory's budget position?
- How do the budget’s financial projections compare to those previously published by the Territory Government?
- Where does the Territory Government’s revenue come from?
- How is government money spent?
- Where is government money spent?
- What is happening in the Territory economy?
- What infrastructure projects are in the budget?
- Where is the budget allocated?
- What does the budget mean for my region?
- What other financial publications are released by the Territory Government?