TCV back to borrowing as new-money requirement rebounds
- Wednesday, 03 May 2017
Treasury Corporation of Victoria (TCV) has disclosed an expected funding task of A$8.3 billion (US$6.3 billion) for 2017/18, significantly up on recent years as the state government continues to focus on infrastructure investment even after the asset-sales cycle has largely played out. Analyst response to the Victoria state budget, delivered on 2 May, is broadly positive despite the increased deficit though TCV spreads widened on budget day.
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