The final semi-government funding programme for 2011/12 was released on July 4, with Queensland Treasury Corporation (QTC) (AA+/Aa1) targeting a figure of A$22 billion (US$23.6 billion) for the next financial year – up on the previous year's requirement of A$15 billion. The increase is largely the result of an increased capital spending projection: the forecast is for an increase to A$14.1 billion for the next financial year from just A$3.6 billion in 2010/11.
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