The 2018-19 Treasurer’s Annual Financial Report - which was tabled in Parliament tonight - shows the Territory Labor Government delivered another massive infrastructure spend whilst achieving an improved budget position.

The $1.507 billion infrastructure spend in 2018-19 is $27 million above the recent budget estimate of $1.48 billion. There was also a $388 million improvement in the expected deficit.

More than 622 construction contracts were awarded in 2018-19 with almost 99% of these going to local businesses. This work created and sustained thousands of local jobs.

This latest big, job-creating infrastructure investment has come at a time when the Territory needs it most as the US$37 billion Inpex LNG project transitions from construction to export phase, having injected around $5 billion into our economy each year.

Quotes from Treasurer Nicole Manison:

“Our number one priority is creating local jobs – that’s why we have invested heavily in infrastructure.

“We know that the Territory economy has been challenging - following the wind down of the INPEX construction phase and the massive Federal Government GST cuts - and we are doing everything can to support Territorians. 

"Unlike the train-wreck former CLP Government, we have worked hard to deliver for Territorians, to support jobs and local business, and to diversify the economy.

"When in government, the CLP cut teachers, put up power prices by 30%, sold government assets like the Port and TIO and still estimated almost a $900 million deficit.”

 Media Contact – Hannah Farmer - 0428 497 154