Local News

Debt Blows Out

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The Northern Territory's debt level is expected to blow out to $4.1 billion next financial year.

It only gets worse with it projected to increase to $5.3 billion by 2021.

It comes after changes to GST distribution will leave the NT $136 million worse off next financial year.

Treasurer Nicole Manison has flagged cuts will have to be made in the upcoming budget.

Image: AAP