The Northern Territory's debt will grow to $6.2 billion next financial year — the equivalent of $33,000 for every man, woman and child in the Northern Territory, according to the Budget, handed down this morning.The projected deficit for 2019-20 is $1.1 billion, halving to $540 million by 2022-23.
The NT's annual interest repayments on loans in 2019-20 will be $371 million, which equates to $1,479 for every Territorian each year. Those figures mean that for the first time, the NT's daily interest bill will soon exceed $1 million per day, a figure that is projected to rise over the next four years.
NT labour government with first female majority cabinet . Financial rating number speak free speech.
What political is in power in the NT ,not many reports on MSM about the debt crisis up there .
So, what else can we sell the Chinese? The Torres Straight Islands? They would love that.
Demand they end mandatory sentencing before they get any bailout.
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