The latest Australian government sector borrower to announce a mid-year update to its funding task, Queensland Treasury Corporation (QTC), disclosed a requirement reduced by A$1.4 billion (US$1.05 billion) on December 14. QTC now expects to issue A$5.9 billion in 2016/17, with the reduction driven by an increase in royalty revenues compared with the June 2016/17 state budget forecasts.
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