Which of the Following Statements in Relation to the Commonwealth

Multiple Choice

Which of the following statements in relation to the Commonwealth Government's borrowing programs is incorrect?

A) The government must issue longer term paper to fund its budget surplus
B) Treasury notes can be issued to manage intra-year liquidity
C) Debt issues are used to finance seasonal deficit/surplus patterns
D) The past few years have seen a decrease in debt issuance to fund the budget