AOFM trims bond issuance projections and shelves new 2023
- Wednesday, 10 November 2010
A smaller than expected Australian federal budget deficit outcome for the last completed financial year has led the Australian Office of Financial Management (AOFM) marginally to reduce its projected funding need for the 2011 financial year. The debt management agency now expects to borrow A$53-58.5 billion (US$53.2-58.7 billion) in FY11, down from a forecast A$60 billion following the federal budget in May.
