TCV borrowing task up on property market softness

On 27 May, following the release of the Victoria state budget, Treasury Corporation of Victoria (TCV) revealed a total funding requirement for the 2019/20 financial year of A$5.5 billion (US$3.8 billion). The task is an increase from the A$4.6 billion forecast 2018/19 requirement announced following the 2018 state budget.