The projected funding requirement faced by New South Wales Treasury Corporation (TCorp) for the 2012/13 financial year is, at A$10.7 billion (US$10.6 billion), identical to the target for the current year that was set in June 2011. TCorp figures say an increase in new client funding for 2012/13 – to A$7.6 billion from A$4.5 billion – and a reduced level of pre-funding will offset a significantly reduced refinancing requirement.