CGS needs jump $36bn 16 December 2014 4:17PM Ian Rogers The Australian government's borrowing needs will climb over the remainder of the financial year, with Treasury producing new projections yesterday in the Mid-Year Economic and Fiscal Outlook. In 2014/15, the end‑of‑year face value of Commonwealth government bonds on issue is expected to be A$367 billion, compared to around $359 billion at the time of the 2014/15 budget six months ago, Treasury said yesterday. Over the forward estimates, the end‑of year face value of CGS on is expected to peak at $481 billion in 2017/18, around $36 billion higher than the $445 billion estimated at the 2014/15 Budget. Treasury said that "over the forward estimates, the face value of CGS on issue is projected to rise to a within‑year peak of around $508 billion in 2017/18."