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<Budget>Paul Chan Estimates Annual Bond Issuance of $160-220B/ Yr over Next 5 Yrs
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Financial Secretary Paul Chan stated that the Government plans to raise the total borrowing ceiling of the two bond programmes from $700 billion announced last year to $900 billion. About $160 billion to $220 billion worth of bonds will be issued in each of the next five years, about half of which will be used for re-financing the short-term debts incurred in recent years. In future, the Government will issue more longer-term bonds to align more closely the cash flow duration with project requirements. AASTOCKS Financial News Website: www.aastocks.com |
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