Following the release of the Queensland Mid-Year Fiscal and Economic Review, the Queensland Government has published its amended funding programme for the year to June 2017. It was previously expecting to require $7.3 billion to cover maturing bonds and government spending but the figure has been revised down to $5.9 billion on the back of higher royalties from coal mining. Other estimates remained the same.
So far this financial year, Queensland Treasury Corporation (QTC) has raised $4.1 billion, which leaves around $1.8 billion of additional financing to be raised in the next six months. In this latest statement, QTC said it aims to “smooth and extend” its maturity profile while maintaining at least $5 billion of short-term debt securities on issue.
*Numbers are rounded to the nearest $100 million. source: QTC
#Retail water entities, universities, grammar schools and water boards.
Click here for the full Mid-Year Fiscal and Economic Review document.