The Finocchiaro CLP Government has taken credit for a 0.4 per cent increase in retail spending in the NT for the month of September, issuing a statement to suggest their August election victory “renewed confidence” in the economy and somehow led to Territorians spending more money for one month.

The statement from Treasurer Bill Yan was issued three days after the CLP marched out Under Treasurer Tim McManus to warn on Monday that the Territory’s economy was continuing to worsen, with the government’s own finances in a perilous state, inching towards hitting the debt ceiling of $15 billion in the coming years if spending continues on its current trajectory.

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