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Govt vows to rein in NT debt as it soars above $11b

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Govt vows to rein in NT debt as it soars above $11b

The Northern Territory government has promised to rein in the Territory’s debt as it climbs above $11 billion.

In his first public speech since the change of government, Assistant Under-Treasurer Tim McManus said the NT budget is in structural debt and edging closer to its debt ceiling of $15 billion, a figure set by the former Labor government.

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#Govt #vows #rein #debt #soars #11b

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