SAFA reveals funding plans with smaller borrowing programme
- Wednesday, 15 June 2011
The South Australian Government Financing Authority (SAFA) (AAA/Aaa) has confirmed that its funding requirement for the 2011/12 financial year will be A$3.7 billion (US$4 billion). The borrowing programme is significantly lower than the A$5.6 billion requirement for 2010/11, as the larger than expected state budget deficit has required the semi-government to restrain its planned spending.
