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AU Northern Territory Government seeks Canberra bailout amid financial crisis

From abc.net.au

The Northern Territory Government is in the throes of a financial crisis, with no immediate plan for fixing the deep fiscal problems. Key points: The NT's net debt is forecast to increase tenfold to $35.7 billion by 2029-30 Treasury officials say the Government is currently borrowing to cover day-to-day costs Treasurer Nicole Manison will fly to Canberra for emergency meetings next week Treasurer Nicole Manison will fly to Canberra for emergency meetings with Federal Treasurer Josh Frydenberg next week. Treasury officials say the NT Government is currently borrowing to cover day-to-day operational costs such as ... (full story)

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