Western Australian Treasury Corporation

Friday, 18 January 2019

Mining capex and GST review driving WA recovery

Western Australia (WA)’s economy is continuing an upward trajectory, with increased mining revenues and a favourable reallocation of goods and services tax (GST) among the main drivers of fiscal improvement. The state is now forecasting a fiscal surplus in 2019/20, one year earlier than expected.

Thursday, 08 October 2020

WATC’s new-money requirement in 2020/21 borrowing programme within expectations

Western Australian Treasury Corporation (WATC) revealed a A$4.3 billion (US$3.1 billion) borrowing programme for the 2020/21 financial year on 9 October, following the release of the Western Australian state budget the previous day. It is at the upper end of the A$2.6-4.5 billion estimate provided at the state’s last budget update on 29 May.

Thursday, 16 July 2020
Jun/Jul 2020

WA keeps on its toes as lockdown end nears

Western Australia (WA) has had among Australia’s best outcomes when it comes to the health aspect of the COVID-19 crisis, allowing it to project a target date for the lifting of all remaining social restrictions state-wide. Ben Wyatt, WA’s Perth-based treasurer, discusses the state’s economic response and outlook.

Thursday, 16 July 2020
Jun/Jul 2020

Australian government-sector issuers ride the waves of COVID-19

In June, Westpac Institutional Bank and KangaNews brought together the biggest issuers in the Australian government sector to discuss a rollercoaster ride in markets since the end of March. The issuers describe a relatively straight-line improvement since the thrills and spills of the March-April period, with returning investors supporting increasing issuance volume and liquidity at extended tenor.

Thursday, 28 May 2020

WATC’s 2020/21 funding requirement unchanged for now

On 29 May, Western Australian Treasury Corporation (WATC) revealed an estimated term funding requirement for the 2020/21 financial year of A$2.6-4.5 billion (US$1.7-3 billion). The announcement followed the state treasurer’s economic update to the Western Australian parliament on 28 May.

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