Queensland ups borrowing as deficit increases

13 June 2018

 

The Queensland Government has released its 2018/2019 budget and as a result, Queensland Treasury Corporation (QTC) estimates it will borrow $8 billion in 2018/2019. This figure is about $1.8 billion less than forecast in QTC’s 2017/2018 funding requirement and it is the result of QTC pre-funding transactions. Pre-funding is the term used to describe the sale of bonds in excess of what is required for the current year. Nearly 90%...

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