Borrowing Program

Borrowing program update

*Data current as at 15 September 2020. 

 

Following the Queensland Government’s release of its COVID-19 Fiscal and Economic Review, Queensland Treasury Corporation estimates it will borrow AUD21 billion of term debt in the 2020–21 financial year. This is within the anticipated funding requirement of AUD19 billion to AUD22 billion, announced on 24 July 2020.

2020–21 indicative term-debt borrowing program requirements

Requirements 2020-21 AUDm1
State2 17,500
Local Government and other entities3 1,500
Total new money 19,000
Term debt maturities 8,200
Net funding in advance4 (6,200)
Net term debt refinancing 2,000
Total term debt requirement 21,000
Data current as at 7 September 2020. 
1. Numbers are rounded to the nearest AUD100 million.
2. Includes general government and government-owned corporations.
3. Other entities include: universities, grammar schools, retail water entities and water boards.
4. Includes net issuance undertaken in advance of borrowing requirements during 2019-20 as well as scheduled client principal repayments.
Note: Funding activity may vary depending upon actual client requirements, the State's fiscal position and financial market conditions.

Short-term debt

QTC expects to maintain a minimum of approximately AUD5 billion of short-term debt outstandings. 

QTC's annual term debt issuance (actual and forecast*)

2020-21 indicative term-debt borrowing program

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Data current as at 7 September 2020. 
* Does not include short-term debt of approximately AUD5 billion each year. Includes net issuance undertaken in advance of borrowing requirements during 2019-20 as well as scheduled client principal repayments.