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Speaker 1: As we discussed yesterday, we know the Northern Territory government

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Speaker 1: has identified two hundred million dollars in savings as it

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Speaker 1: promises to rebuild the economy. The Treasurer of Bill Yan

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Speaker 1: said that tough decisions are going to be made to

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Speaker 1: ensure that taxpayers money was put to the right priorities

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Speaker 1: and to help claw back Labour's nine billion dollars in debt. Billyan,

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Speaker 1: the Treasurer joins me on the line. Good morning to

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Speaker 1: your minister.

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Speaker 2: Good morning Katie, and good morning to everybody up there

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Speaker 2: in the top end.

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Speaker 1: Good to have you on the show now, Bill Should

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Speaker 1: the COLP have been upfront about not undergrounding power lines

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Speaker 1: before the election?

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Speaker 2: Okay, this was something that we hadn't discussed prior to

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Speaker 2: the election. Certainly, these were discussions we had, certainly I

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Speaker 2: had with Treasury once we came into government. So we

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Speaker 2: know that the debt is spiraling out of control and

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Speaker 2: we had to take, sadly and make some difficult decisions

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Speaker 2: to deal with that debt. So after coming into government,

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Speaker 2: sat down with Treasury and work through some of the

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Speaker 2: things that we could defer, reprioritize to make sure that

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Speaker 2: we didn't hit that debt ceiling, Kady, and the undergrounding

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Speaker 2: of the power was one of them. And I think

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Speaker 2: Labor gave some very very false expectations to the people

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Speaker 2: out in the mild and suburbs saying that, I look,

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Speaker 2: we're going to throw up sixty million dollars to underground

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Speaker 2: the power out there. Well, it wasn't going to underground

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Speaker 2: power out in the suburbs, Katie. It was going to

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Speaker 2: do a small part of some high voltage power along

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Speaker 2: Baggett Road. And that's all the sixty million dollars was

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Speaker 2: going to do upfront.

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Speaker 1: So you reckon, that's it. That was all it was

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Speaker 1: going to pay for.

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Speaker 2: That's all it was going to pay for to do

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Speaker 2: this job propagating because I think the expectation it was

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Speaker 2: given to people out there in all the suburbs was

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Speaker 2: the poles were going to disappear off the streets and

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Speaker 2: the power lines would go underground and your house would

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Speaker 2: connect to power on the ground. That's definitely not the

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Speaker 2: k and that was I think the expectation that was

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Speaker 2: putting the people out there in an Aldern suburb to

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Speaker 2: do that, and to do it properly. Is it's one

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Speaker 2: hundreds upon hundreds of millions of dollars, and it's the

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Speaker 2: money is at the moment, it's money that we don't have. Labor.

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Speaker 2: And coming off the lead of the opposition, Selena Hubert,

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Speaker 2: she was on Labor's cabinet and I believe she was

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Speaker 2: on the budget review subcommittee for Labor. She knew the

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Speaker 2: state of the book and she knew where they were

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Speaker 2: projecting to be.

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Speaker 1: Well. She joined us on the show yesterday she said

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Speaker 1: that you're trying to suggest that this project, which was

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Speaker 1: budgeted at sixty million dollars over six years, plus the

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Speaker 1: scrapping of a nineteen point two million dollar upgrade to

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Speaker 1: the convention Center, is somehow going to save one hundred

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Speaker 1: and fifteen million dollars over four years. Bill, how have

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Speaker 1: I mean, how have you come to that two hundred

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Speaker 1: million dollars?

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Speaker 2: Well, there's quite a bit that makes up that two

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Speaker 2: hundred million, Katie, and what we also have, and again

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Speaker 2: it's once we've got in and sat down with Treasury,

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Speaker 2: had a real look at the state of the books.

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Speaker 2: There's all these unfunded liabilities that Labor have sitting there.

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Speaker 2: So it's projects that they were going to continue on

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Speaker 2: with that they hadn't funded and put into the forward

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Speaker 2: distinates or the forward budgets.

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Speaker 1: Can you talk us through some of those milk can

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Speaker 1: you talk us through some of those projects.

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Speaker 2: Well, one in particular, of course, is the Milk Run,

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Speaker 2: the plane service that runs from Dalen through Catherine TANet

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Speaker 2: Creek down to Alice Springs. Now that's funded by government,

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Speaker 2: like government subsidizes the Milk Run. That ends in a

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Speaker 2: few months time, and Labor hadn't even continued to budget

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Speaker 2: for that into the future. So the fact that there's

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Speaker 2: money that we're going to have to look and try

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Speaker 2: and find if we want to keep that milk Run going,

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Speaker 2: and we need to because that services the people of

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Speaker 2: Catherine TANet Creek and down to Alice Springs with that

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Speaker 2: very important. So so that's just one in particular. Caating

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Speaker 2: is of course the on all the other stuff. Like

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Speaker 2: you look at I said, Labor committed to the FAM Supercross,

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Speaker 2: oh motocross, sorry at Hidden Valley. That's that's a great,

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Speaker 2: great idea, but they didn't scope it or funded properly

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Speaker 2: like they It un a cost a million dolls. Well

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Speaker 2: that's blown out and we're now committed to delivering that project.

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Speaker 2: So I've got to find extra money to deliver that,

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Speaker 2: plus deal with the issue around that second access road

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Speaker 2: into Hidden Valley again. So stuff that labor you'll about

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Speaker 2: and hadn't budgeted for or hadn't considered. So so I guess, though, Bill,

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Speaker 2: do you if I keep finding problem which.

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Speaker 1: Look, I'm I can certainly understand that. I think that

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Speaker 1: all territories can look at the fact that we're nine

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Speaker 1: billion dollars in debt and can certainly see that savings

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Speaker 1: measures need to be made. Right Like we were receiving

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Speaker 1: messages yesterday, people going, Katie, if it was my house,

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Speaker 1: you know, I can't get the most luxurious sort of

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Speaker 1: laund room or whatever other element to the house if

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Speaker 1: I can't afford it. So the budget is like a

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Speaker 1: household budget. You've got to spend within your means. So

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Speaker 1: people understand that. But what I'm trying to get to

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Speaker 1: the bottom of is with that two hundred million dollars

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Speaker 1: in savings, so sixty million dollars obviously over six years

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Speaker 1: for the undergrounding of power lines nineteen point two, then

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Speaker 1: for the convention center, what else is going to be cut?

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Speaker 2: There's going to be extra money for the NBL team

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Speaker 2: as well, so how much that it was. It wasn't

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Speaker 2: just the upgrading of the Convention Center to turn that

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Speaker 2: into West Stadium. There was payments required game secure the

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Speaker 2: MBL team into the territory as well. Then I believe

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Speaker 2: there was also going to have to be another training stadium.

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Speaker 2: The list just kept going on and on and on.

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Speaker 2: So and then there's all these unfunded liabilities which we're

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Speaker 2: looking through right at this point in time. So I've

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Speaker 2: been sitting down with Treasury for weeks now looking at

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Speaker 2: all these unkunded liabilities in the future to see what

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Speaker 2: we still need to keep going, what we can pause,

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Speaker 2: what we can defer. So it's really sad happen to

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Speaker 2: do some of this stuff, Katie, because I know the

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Speaker 2: territories like some of the things that we're talking about,

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Speaker 2: but at the end of the day, we just we

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Speaker 2: just can't afford it. All this stuff was being done

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Speaker 2: on credit. There was borrowing more and more money, which

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Speaker 2: pushed us further and further towards that debt camp and

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Speaker 2: the opposition lader was that was part of budget cabinet.

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Speaker 2: She knew where we were going. So I just I

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Speaker 2: consider what would Labor have done if they had actually

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Speaker 2: got back end, because they would have to be making

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Speaker 2: some of the same measures and deferring projects and reprioritizing things.

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Speaker 2: Otherwise they would have hit that debt cap because it

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Speaker 2: was projected we got the state of the books from

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Speaker 2: Treasury and if we did nothing, this is where we're

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Speaker 2: going to be. And if we did something, we could

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Speaker 2: start to work towards pain down not hit that debt

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Speaker 2: camp because if I ever didn't do anything, they were

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Speaker 2: sending us to financial booming by hitting that decktat.

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Speaker 1: Look, I do not dispute that in any way. In fact,

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Speaker 1: I think that there needs to be some raining in,

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Speaker 1: like I think everybody understands that now, and we've got

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Speaker 1: to stop spending money like it's monopoly money. There has

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Speaker 1: to be some real thinking about what we're investing in.

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Speaker 1: But you did touch on then things like the FIM motocross.

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Speaker 1: I mean, is that still going to be going ahead?

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Speaker 2: Yeah, yeah, No, we're locked into that, Katie, because there's

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Speaker 2: clauses and now if we don't do it, then the

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Speaker 2: cost us money if we don't do it. So these

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Speaker 2: are things that these are legacy issues that we've said

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Speaker 2: we've got from labor I think the Ceiling Prairie was

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Speaker 2: another one. They dropped the ball on the negotiations for

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Speaker 2: that contract. So I think we're only in. I was

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Speaker 2: thinking we're in for a week or two as Treasurer

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Speaker 2: and the Infrastructure Minister, and all of a sudden, that

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Speaker 2: bomb at my desk and we've had to work quickly

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Speaker 2: and closely with Ceiling so that we can provide those

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Speaker 2: as the people of Man and see we I mean,

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Speaker 2: we're going to drop the ball on that one. And

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Speaker 2: that's of course that's cost us extra money, money that

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Speaker 2: we don't have. So I've got to find savings elsewhere

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Speaker 2: to cover that.

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Speaker 1: Well, so that's what I'm posted, that's what I'm gathering

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Speaker 1: bill from our conversation. So you know, we've said that

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Speaker 1: there's two hundred million dollars in savings, but then you know,

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Speaker 1: you have just identified obviously some of their overspending, all

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Speaker 1: those unfunded things that Labor was planning to do, i e.

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Speaker 1: The milk run, the motocross sea link services. So they're

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Speaker 1: not being cut. We're still having to find the funding

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Speaker 1: for those. But what else is being cut to add

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Speaker 1: up to that two hundred million.

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Speaker 2: Dollars, Well, it's looking at those und part of the liabilities,

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Speaker 2: and it's we're going through that as part of the

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Speaker 2: budget process at the moment case. So we're working now.

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Speaker 2: We're starting to work right now, I suppose this week,

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Speaker 2: next week, and for the next month or two to

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Speaker 2: formulate our budget moving into twenty twenty five, twenty six.

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Speaker 2: So we're this asking all of these things sitting down

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Speaker 2: on my treasury. I'll be sitting down with all the

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Speaker 2: other ministers and their CEOs over the next month working

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Speaker 2: up the budget lines for those agencies and for all

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Speaker 2: those organizations to see where that looks. And unfortunately, we

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Speaker 2: don't have any extra money. There's all these wonderful things

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Speaker 2: I love to do, Katie, but I just I can't

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Speaker 2: do it. So agencies are going to have to live

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Speaker 2: within their means. They're going to have to live within

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Speaker 2: their budgets. There's no new money, so.

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Speaker 1: Really some of that savings that some of those savings

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Speaker 1: are going to have to come from from departments towing

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Speaker 1: the line and not overspending.

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Speaker 2: By the sound of it, absolutely, Katie, and I think

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Speaker 2: all the departments know that the money's just not there,

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Speaker 2: So we don't have any money to do lots and

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Speaker 2: lots of new things. If we want to do something

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Speaker 2: and we need to do something, we've got a look

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Speaker 2: within the budget that we have reprioritize funds from elsewhere

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Speaker 2: if we need to do one specific thing. So it's

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Speaker 2: it's about looking at what we get as best value

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Speaker 2: for territories across the board. So rather than a little

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Speaker 2: bit of money to support one specific group over there, well,

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Speaker 2: I'm looking at where we spend our money to make

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Speaker 2: sure that all territories across the board get some benefit

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Speaker 2: from that. So it's about spending the money that we

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Speaker 2: have very very wisely, very very efficiently, and making sure

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Speaker 2: we're not wasting money.

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Speaker 1: Well, some people might look at the announcement earlier in

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Speaker 1: the week and the skate park for ouris springs and go, well,

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Speaker 1: is that spending money wisely?

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Speaker 2: Well, what we've done, particularly down here in Central AUSTRAI Katy,

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Speaker 2: that was money that was put aside to move anzac

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Speaker 2: Oval out to kill Gareff. So by keeping anzac over

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Speaker 2: where it is, we're able to reprioritize that money and

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Speaker 2: again that goes to the benefit of all the people

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Speaker 2: here in our springs in Central Australia. So we're working

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Speaker 2: in conjunction with the council deliver that and the library.

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Speaker 2: So it's not new money. We're not borrowing any more money.

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Speaker 2: We're using money that was already existing to deliver that

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Speaker 2: project and reprioritize. And the same goes for the gallery here.

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Speaker 2: The budget was one hundred and fifty mil for the

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Speaker 2: gallery and I've seen the plane and there's no way

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Speaker 2: that could have been built for anything under three hundred

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Speaker 2: and fifty or four hundred MILS. So Laye was going

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Speaker 2: to be going out and borrowing another couple of hundred

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Speaker 2: million dollars to pull a gallery off. So be very

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Speaker 2: clear with the agency that they've got one hundred and

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Speaker 2: fifty million dollars to spend on the gallery.

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Speaker 1: Look, there is no doubt that there's going to need

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Speaker 1: to be some serious work to reign in the budget.

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Speaker 1: I do want to ask you, though, Judith's been in

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Speaker 1: contact with us this morning, and this is something that

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Speaker 1: we have spoken to the Australian Medical Association about before

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Speaker 1: as well, asking Judas asking is there any chance that

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Speaker 1: we could have another entry into Royal Darwin Hospital. It

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Speaker 1: is crucial. There was an accident a couple of days

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Speaker 1: ago and there were so many people also, ambulances backed

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Speaker 1: up trying to get in.

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Speaker 2: Yeah, okay, I had heard about that, Katie. That's as

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Speaker 2: certainly a new one to me. Yeah, I'd have to

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Speaker 2: go away and talk to d I about that and

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Speaker 2: have a little bit of a look at what the

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Speaker 2: access arrangements are to the hospital. I've been in there

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Speaker 2: a number of times. But yeah, I haven't supposed No, oh.

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Speaker 1: Good, we can follow that up. Hey, young Bill, whata'ts

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Speaker 1: your reaction to the US election Donald Trump's back in?

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Speaker 2: Yes, well, I suppose I look at it from the

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Speaker 2: point of view what is it going to mean for

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Speaker 2: us here in the territory. I know that Trump is

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Speaker 2: of course big on defense, and we have a big

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Speaker 2: defense spend up here in the Northern Territory with Tindall

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Speaker 2: and up in Day and so I look at that

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Speaker 2: and go, well, if he's committed to that defense spend,

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Speaker 2: that's going to be good for us longer term. So yeah,

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Speaker 2: I look at it. What it's going to mean I

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Speaker 2: suppose for us here in the territory. So I'm hoping

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Speaker 2: we're going to do okay out of it.

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Speaker 1: Well, we'll wait and see. Time will tell bill Yan,

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Speaker 1: Treasurer for the Northern Territory. Thanks so much for your.

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Speaker 2: Time this morning. Jeez, do you have a great there

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Speaker 2: you two.

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Speaker 1: Thank you