Treasury Corporation of Victoria (TCV) will make a net debt repayment of A$1.5 billion (US$1.1 billion) in 2016/17 according to projections released on April 28, a day after the state of Victoria's annual budget was handed down. The near-term forecast is heavily influenced by the delayed lease of the Port of Melbourne, which is expected to enable the Victorian general government sector to repay A$3.6 billion of debt in 2016/17.