The Finocchiaro CLP Government’s 2026-27 Budget passed through the Legislative Assembly today
It includes a record spend on law and order, health, and education, while providing $290 million in concessions, subsidies, and targeted household support
The budget delivers financial stability, drives private investment into the NT, and secures long-term opportunities for every Territorian
Territorians will see record investments in law and order, health, and education with the passage of the Finocchiaro CLP Government’s 2026-27 Budget through the Legislative Assembly today.
Built on the pillars of growth, certainty, and security, the budget addresses cost-of-living pressures, rebuilds the local economy, and works to repair the structural damage left by years of financial incompetence by the former Labor government.
It delivers more than $290 million in concessions, subsidies, and targeted household support, including $225 million in power and water concessions and subsidies.
Treasurer Bill Yan said the budget was delivering financial stability, driving private investment into the NT, and securing long-term opportunities for every Territorian.
“This budget is designed from the ground up to deliver real, tangible outcomes for every single Territorian and we are putting our money where our mouth is, tackling the cost of living, fixing our health system, and making our streets safer,” he said.
“We are balancing structural economic growth with competitive tax settings and practical cost-of-living relief to support families right now.
“That’s led with community safety, injecting a historic $1.73 billion into law and order because Territorians have a right to feel safe in their homes, businesses, and neighbourhoods.”
The Treasurer said most Territory businesses would continue to be exempt from payroll tax as they helped to rebuild the economy.
“For our local mum-and-dad businesses, our retailers, and our local contractors, your tax settings are locked in with the $2.5 million tax-free threshold intact so local businesses have the certainty they need to grow.”
Budget 2026-27: Key Deliverables for Territorians
Cost of living relief
$225 million in power and water concessions and subsidies.
More than $65 million in other subsidies including Back to School vouchers, sports vouchers, Learn to Swim vouchers, free swimming lessons for primary students, free meningococcal B vaccinations, early childhood subsidies, support for our seniors, and free TAFE and vocational training for eligible Territorians.
Safer Communities
$1.73 billion for Law and Order: A record-breaking investment to put more Police on the frontline, support the courts to tackle the root causes of crime, and continue crucial upgrades to the corrections system.
$250 million for Corrections: Dedicated to the Corrections Infrastructure Masterplan, funding new prisoner work camps in Darwin and Katherine, alongside vital utilities upgrades at the Alice Springs Correctional Centre.
Better Health and Education
$2.62 billion for Health Services: A historic funding pool backed by a landmark $1 billion Commonwealth boost to strengthen local hospitals.
$1.73 billion for Education: Investing heavily in the Territory’s future generations, including $110 million to construct a brand-new secondary special education school in Palmerston.
Disaster Relief and Road Repairs
$130 million Capital Works Package: Providing rapid support for regions hit by recent natural disasters, featuring a $100 million Flood Recovery Fund and a $30.5 million Roads Repair Package to get regional infrastructure moving again safely.
Housing Support
Extending Home Ownership Grants: Direct cost-of-living and housing relief for locals, with the HomeGrown Territory and FreshStart new home grants also extended to 30 September 2027.
Economic Certainty
Delivering on the Rebuilding the Economy Strategy to capitalise on the Territory’s natural strengths in energy, defence, agriculture, mining, and tourism, supported by competitive tax and regulatory settings and practical cost-of-living relief.
