-
No taxpayer money to save Australia's Northern Territory from budget crisis: AU PM
Australia's Prime Minister Scott Morrison has ruled out using taxpayer money to save the Northern Territory (NT) from its budget crisis, local media reported on Monday. Addressing the crisis on Sunday evening, Morrison laid the blame at the feet of NT Chief Minister Michael Gunner's Australian Labor Party (ALP) government. It was revealed in December that the NT, the smallest of Australia's six states and two territories by population but third largest by land mass, was borrowing money to cover day-to-day expenses with the net debt expected to hit 35.7 billion Australian dollars (25.7 billion U.S. dollars) by 2030. ... (full story)