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.

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

Revenue

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

2024-252025-262026-272027-282028-29
RevisedBudgetForward estimate
  $M $M $M $M $M
Taxation revenue 797748745773804
GST revenue 4 2874 5714 7254 9605 200
Current grants 1 7331 9241 7521 7121 725
Capital grants 535679765662656
Sales of goods and services 1 1641 4861 5021 5571 587
Interest income 160143146150154
Dividend and income tax equivalent income 3045596059
Mining royalties 298346260324261
Other revenue 12699 97 99 104
Total revenue9 13110 04210 05110 29710 550