Territory Stories

Budget 2011-12 Budget Paper No.3 The Budget

Details:

Title

Budget 2011-12 Budget Paper No.3 The Budget

Other title

Tabled paper 1279

Collection

Tabled papers for 11th Assembly 2008 - 2012; Tabled papers; ParliamentNT

Date

2011-05-03

Description

Tabled By Delia Lawrie

Notes

Made available by the Legislative Assembly of the Northern Territory under Standing Order 240. Where copyright subsists with a third party it remains with the original owner and permission may be required to reuse the material.

Language

English

Subject

Tabled papers

File type

application/pdf

Use

Copyright

Copyright owner

See publication

License

https://www.legislation.gov.au/Details/C2019C00042

Parent handle

https://hdl.handle.net/10070/277286

Citation address

https://hdl.handle.net/10070/424039

Page content

72 Northern Territory Treasury Corporation The Corporation has maintained six major bond series throughout the year with a combined value of approximately $2.3 billion. These issues have been established to meet investor demand for liquidity and promote greater market awareness. Another major bond series is expected to be established in May 2011, maturing in November 2016. The borrowing program in 2011-12 will be approximately $728 million, comprising refinancing maturing debt and financing of additional borrowings. The Corporation will continue to focus on domestic sources, including retail and institutional investors, for its borrowing program. Business Line: Government Loans and Investments Outcome: Optimised investment revenue generation and loan funding for the Territory. Funding loans to Government using appropriate borrowing strategies and risk management principles. Investment of the Governments surplus cash balances on behalf of the Central Holding Authority with the aim of optimising returns within approved guidelines and cash flow requirements. Key Deliverables 2010-11 Budget 2010-11 Estimate 2011-12 Budget Weighted average cost of borrowings during the year1 6.50% 6.00% 6.50% Borrowing rate margin compared to industry peers 0.20% 0.20% 0.20% Investment portfolio return above benchmark2 > indices > indices > indices Volatility of investment portfolio return against benchmark2 0.25% 0.25% 0.25% Stakeholder satisfaction 5 5 5 1 Borrowing cost forecasts are based on prevailing financial market expectations for interest rates. 2 The benchmark is measured against weighted relevant UBS Warburg indices.


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