NT government’s debt ceiling ‘full of holes’, Opposition leader Lia Finocchiaro says
The NT government’s debt ceiling has come under fire from Opposition leader Lia Finocchiaro for having holes ‘big enough to drive a Mack truck through’.
Northern Territory
Don't miss out on the headlines from Northern Territory. Followed categories will be added to My News.
THE NT government’s debt ceiling has come under fire for having holes “big enough to drive a Mack truck through”, Opposition leader Lia Finocchiaro has claimed.
The measure was unveiled in the NT Budget earlier this year, aiming to limit the Territory’s debt at $15b.
MORE TOP NEWS
Major Covid-19 breaches at Royal Darwin Hospital’s emergency department
But Ms Finocchiaro on Friday claimed the measure would only cap borrowings, and didn’t include important aspects of government spending such as liabilities.
“Rather than being a cap on net debt or liabilities, the ceiling is a cap on total borrowings, minus finance leases," she said.
“Put simply, it actually gives the Gunner Government the green light to keep spending beyond its means.”
Ms Finocchiaro also claimed the government faced no consequences for exceeding the limit.
The Chief Minister’s office refused to comment.
Originally published as NT government’s debt ceiling ‘full of holes’, Opposition leader Lia Finocchiaro says
Territory Labor calls out CLP’s spending on promises
The Territory opposition has accused the government of lacking transparency on spending.
‘Come back’: Territory MLA’s plea to itinerants to avoid being sent to jail
An Indigenous member of the Northern Territory parliament has urged remote community residents living in the long grass to return to country to escape ‘bad laws’.