The Economic Group advises the Treasurer and the Government on economic issues affecting the Territory. It comprises four business units: Commercial, Economic Analysis, Economic Policy and Intergovernmental Relations.
Commercial analyses and provides advice to the Treasurer, Government Ministers and agencies on commercial issues and major Government projects, specifically those that involve private sector operation or delivery, and on public private partnerships policy issues.
Darwin Correctional Precinct Public Private Partnership Project
The Darwin Correctional Precinct Public Private Partnership Project Summary is available for download.
Economic Analysis monitors and reports regularly to the Treasurer on the performance of the Territory economy and undertakes analysis of associated key macroeconomic indicators. It also undertakes economic modelling and develops demographic projections.
Northern Territory economic briefs provide up-to-date analysis of the Territory economy and its performance in relation to the Australian economy. These briefs are prepared on a monthly, quarterly or annual basis. They are generally available on the day that data is released and cover a broad range of economic and social indicators. They draw on various sources of data, including the Australian Bureau of Statistics (ABS) and Deloitte Access Economics.
This publication monitors the latest economic data on a weekly basis and provides analysis of major Territory industries, consumption and investment, trade, external economic conditions, business sentiment, price and wage inflation, and other topical issues as they develop. The review also presents a range of relevant time series data and state-by-state comparisons of major economic indicators. In 2011-12, five monthly editions were released from June 2011 to November 2011. Since December 2011, weekly updates have been released to enable more timely provision of updated information.
Analysis and advice is provided on demographic issues that impact the Territory. Key questions centre on the accuracy of estimates of the current size, growth and composition of the Territory's population and its position relative to other states and territories. Key research topics include exploring trends and consequences of population ageing and mobility in the Territory.
Another key project concerns the development of population projections for the Territory. Charles Darwin University has developed a population projections model for the Northern Territory Government using assumptions about future growth that have been determined in consultation with key agencies. The model's outputs include projections for the Indigenous and non-Indigenous populations of the Territory and its regions.
View the latest Population Projections published by the Department of Treasury and Finance.
Economic Policy advises the Treasurer, Government Ministers and agencies on microeconomic issues including competition, economic regulation, government business divisions, insurance and economic development policy.
Intergovernmental Relations has a primary focus on intergovernmental financial arrangements (mainly between the Commonwealth and the Territory). This includes representing the Territory’s interests in the Territory’s dealings with the Commonwealth Grants Commission, and in establishing specific funding agreements with the Commonwealth. It also coordinates measurement and reporting of Government service delivery outcomes against defined standards and analyses the causes and factors affecting performance, including Indigenous outcomes.
Northern Territory Social Briefs provide the latest key social statistics about the Territory. These briefs cover a broad range of social indicators, such as population, family and community, health and welfare, education and training, employment, economic resources and other areas of social concern. The briefs draw on various sources of data including Australian Institute of Health and Welfare, Australian Bureau of Statistics and National Centre for Vocational Education Research.