TCV 2023-24 Funding Announcement
Tuesday 23rd May 2023
The 2023-24 Victorian Budget was handed down by the Treasurer of Victoria, Tim Pallas MP, on 23rd May 2023. For the financial year ending 30th June 2024, TCV’s total funding requirement is forecast to be $33.7 billion.
The following table outlines the projected borrowing programs for the budget planning periods to June 2027.
|
2023-24 $A billions |
2024-25 $A billions |
2025-26 $A billions |
2026-27 $A billions |
|
|
Client new money requirement |
25.4 |
20.1 |
16.1 |
14.9 |
|
Client loan refinancing |
8.3 |
9.5 |
9.8 |
11.1 |
|
Estimated funding requirement |
33.7 |
29.6 |
25.9 |
26.0 |
Note that the funding requirement above is expressed in cash terms. The face value of bonds that TCV issues will vary from the funding task depending on the maturity and coupon of the bonds issued.