TCV projects slight funding increase then successive declines [UPDATED]

The Treasury Corporation of Victoria (TCV) is moderately increasing its funding expectation for 2012/13 to A$6.97 billion (US$7.17 billion) from the 2011/12 revised requirement of A$6.2 billion. The funding programme announcement on May 3 also projects a series of funding cuts, to A$1.99 billion by 2015/16.