The Korea Herald

Report finds NT fiscal debt continues to climb as government seeks to cut spending

By ABC NEWS (Australia)

Published : Nov. 28, 2024 - 09:11

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The Northern Territory government has released its Mid-Year Report on the NT's economic and fiscal outlook, reporting the seventh net operating deficit in the past ten years. Facing a difficult task ahead, the treasurer says the government is looking at ways to cut spending in a bid to rescue the NT's ailing economy.