Government acts to secure economic growth for the NT

18 March 2025

The Finocchiaro CLP Government has today launched its Rebuilding the Economy Strategy 2025-2028, an action plan to drive economic growth, create jobs, and restore confidence in the Territory’s future.

Speaking at the launch at a Minerals Council-hosted breakfast this morning, Chief Minister Lia Finocchiaro outlined the urgent need for action following eight years of economic decline, population stagnation, and missed opportunities under the previous government.

“Our schools are seeing fewer students, our businesses are struggling to find workers, and our communities are losing the people who make them thrive,” said Mrs Finocchiaro.

“Last August, Territorians placed their trust in our government to turn things around, and today’s Rebuilding the Economy Strategy is a direct response to pacing a way forward."

The strategy is a comprehensive blueprint for economic recovery, focusing on five key priorities:

1.  Making the NT the best place to do business – Cutting red tape, delivering regulatory reform, and ensuring investment confidence.
2.  Building a bigger, better workforce – Expanding school-to-work pathways, supporting businesses, and attracting skilled workers.
3.  Delivering for Australia – Strengthening the NT’s role in national economic growth, energy security, and defence.
4.  Unlocking regional growth – Empowering local businesses, investing in tourism, and strengthening partnerships with Aboriginal communities.
5.  Connecting the Territory – Improving infrastructure, digital connectivity, and transport links to support business and population growth.

The Chief Minister emphasised the strategy was not just words, but a plan already being implemented.

“Our government has moved swiftly to address the economic mess we inherited. We have introduced payroll tax reforms, streamlined project approvals, and refocused infrastructure projects to deliver real outcomes for Territorians," said Mrs Finocchiaro.

The strategy also tackles critical issues such as crime, population retention, and investment attraction, which are key to reversing economic stagnation and making the NT a more attractive place to live and do business.

“We will actively attract skilled workers, provide incentives for families to stay, and ensure the Territory is once again a place where people want to build their future. This means real action — reducing crime, improving housing, and strengthening our education system," said Mrs Finocchiaro.

The Rebuilding the Economy Strategy 2025-28 acknowledges the Territory’s unique competitive advantages, including world-class mineral deposits, abundant water resources, strategic defence importance, strong agricultural and tourism sectors, and trade positioning.

“The Northern Territory has everything it needs to succeed. Our government is determined to unlock the full potential of our industries, attract new investment, and build a more prosperous future for all Territorians," said Mrs Finocchiaro.

For more information, or to download a copy of the strategy, visit the website.

Media contact: Elle Arnold - 0408 663 361