Based on the latest projected borrowing requirement for 2002/03, government's domestic bond funding programme for 2002/03 is close to completion.
In line with the borrowing requirement for 2003/04 as set out in the 2003 Budget Review and Medium Term Budget Policy Statement for 2002, the National Treasury has decided to prefund a portion of the 2003/04 domestic bond funding requirement during the remainder of the 2002/03 financial year.