Funding Requirement
The 2019–20 Victorian Budget was handed down by the Treasurer of Victoria, The Honourable Tim Pallas MP, on the 27th May 2019.
TCV's total funding requirement for the financial year ending 30 June 2020 is $5.5 billion.
The following table outlines the projected borrowing program for the budget planning period.
| 2019-20 $A millions | 2020-21 $A millions | 2021-22 $A millions | 2022-23 $A millions | |
|---|---|---|---|---|
| New money | 5,276 | 6,847 | 1,877 | 2,894 |
| Client loan refinancing | 3,261 | 3,359 | 3,203 | 3,153 |
| Completed forward refinancing | -3,000 | |||
| Total | 5,537 | 10,206 | 5,080 | 6,047 |
The $5.5 billion long term funding requirement reflects the borrowing needs of the Non-Financial Public Sector.