A week after the state of Queensland released its budget for the 2010/11 financial year, Queensland Treasury Corporation (QTC) (AA+/Aa1) announced a small fall in its expected funding task for the coming 12 months. There is also room for further reduction in the A$18.1 billion (US$15.4 billion) indicative borrowing programme as the projection does not account for potential asset sales or pre-funding in the remainder of June.