Queensland Government cuts back on bonds

14 June 2017

 

The Queensland Government has released it 2017-18 budget and as a result Queensland Treasury Corporation (QTC) estimates it will borrow $6.8 billion in 2017-2018 which is about $2.7 billion less than forecast in QTC’s mid-year statement. QTC’s gross issuance was around $10.8 billion in 2016-2017. Most of the borrowing will be done to finance existing debt worth $9.4 billion which will mature during the year. $600 million is expected to...

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