Government Borrowing (Miscellaneous Amendments) Bill

The Government Borrowing (Miscellaneous Amendments) Bill aims to consolidate borrowing powers for the Government by amending existing Acts. It repeals the External Loans Act, Local Treasury Bills Act, and Treasury Deposit Receipts Act. The bill transfers borrowing capabilities to the Government Securities Act, introducing new regulations for Treasury Bills and setting a combined borrowing limit of $1,065 billion. Changes are also made to remove references to sinking funds and streamline the management of government debt instruments.