Department of the Legislative Assembly, Northern Territory Government

Ms FINOCCHIARO - 2014-05-06

Can the Treasurer inform members of the objectives he set for himself when he commenced drafting this year’s budget?

ANSWER

Madam Speaker, I thank the member for Drysdale for her question and the answer is very simple. The budget will secure our children’s future by making the necessary decisions today to ensure we do not stifle the opportunities for our children tomorrow.

That is why the budget will be delivering support for the Chief Minister’s plan to develop north Australia. It will contain initiatives to boost mineral exploration to capitalise on the rapidly growing food demands, as was outlined by the Chief Minister in the previous question. It will ensure our economy is diversified and equipped with the infrastructure required to capitalise on these opportunities into the future.

We have announced that we will secure our children’s future through better school facilities that are planned for children to make sure they have a good education and a bright and rosy future. We will ensure our children’s future by ensuring that young people have great recreational, cultural and artistic opportunities, including the announcement we made to support childcare and the highly lauded sports and recreation voucher program. We can ensure our children’s future and make sure they get the best chance by not stealing their future away by leaving them with unsustainable levels of debt.

I do not want the energy of future generations to be drained by paying back debt created by the previous generation. Intergenerational debt is a sad fact, and it seems that every time a Labor government leaves office, the country and the jurisdiction are further in debt. When we came to office, Labor had projected the debt to grow to $5.5bn; spending was out of control. This government will remain steadfast in its efforts to reduce spending and get this generation living within its means to make sure our children’s future is secure.

I thank the member for Drysdale for her question because it gives us the opportunity to say we are planning and acting for future generations.

Madam SPEAKER: Minister, your time has expired.
Last updated: 09 Aug 2016