Feds to borrow $75 billion in 2018/19

09 May 2018

 

The 2018/2019 federal Government budget has been tabled and a budget deficit of $14.5 billion has been forecast. A small surplus is then forecast for 2019/2020. The AOFM has subsequently published its expectations for bond issuance in the 2018/2019 financial year. Total issuance of treasury bonds for the year will be around $70 billion, with weekly bond tenders of around $1 billion each week, in addition to some debt sales...

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