Treasurer
Media Release
Budget 2023 - Investing in our Future. Delivering for all Territorian
9/05/23
The Territory Labor Government has today delivered the 2023-24 Budget, which invests in the Territory's future and delivers for all Territorians.
For the first time since the 2016 Budget, the Territory is projecting a fiscal balance surplus within the three-year forward estimates period.
Budget 2023 includes new policy commitments for core government services as well as reducing cost of living pressures with generous savings on household and business utilities bills.
It also incorporates new initiatives aimed at investing for the future including justice reform, strengthening cyber security, domestic, family and sexual violence prevention, and record investment in capital works projects.
Budget 2023 will see the biggest infrastructure program in the Territory's history - a $4.07 billion infrastructure program that includes $2.24 billion for roads and other transport infrastructure. There is $842 million to build and refurbish housing in remote and urban areas, and to progress residential land release across the Territory.
This Government continues to invest in our kids learning, with a record $1.36 billion for Education. This includes our fifth STEAM Centre to be built at Katherine High School.
Budget 2023 includes a $2 billion spend in Health. This will include $48.7 million for upgrades at Royal Darwin Hospital and a new 32-bed modular multipurpose ward.
Budget 2023 allocates $12 million to undertake planning and head works to develop the renewable energy hub. The hub will support the government's renewable energy target of 50% by 2030.
The safety of all Territorians is front and centre for our government. That's why Budget 2023 delivers another record investment into police, smarter justice reforms and preventions for domestic, family and sexual violence.
Budget 2023 is a responsible budget and reflects increases to our own-source revenue, higher GST collections, and the continuation of the Government's Budget repair strategy.
