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 72% 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 (1.3 MB)

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) components.

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