COVID-19 Adds to Northern Territory’s Economic Crisis

The border into the Northern Territory from South Australia. Mark Kolbe/Getty Images for The World Solar Challange)

The Northern Territory might have so far avoided a health crisis due to the COVID-19 pandemic but it is causing a fiscal and economic crisis, with the government borrowing $600 million earlier than planned.

The NT government revealed at a public hearing this week it had brought forward $600 million in borrowing in May and June, intended for next financial year.