Issue:
Debt Management
Desired Action:
Develop a plan for the management of national debt which examines all options for averting crisis.
Government Budget Response
The government has a debt Management Strategy which has as its fundamental objective to raise stable and consistent levels of financing for the budget at a minimum cost subject to prudent levels of risk. The preferred strategy of the Government is to reduce cost and rollover risk by adopting a multi-pronged approach which includes lengthening the maturity, paying down of its debt at the same time negotiating more attractive borrowing terms. The weighted average cost of borrowing at 5.3% rollover risk and debt maturing in one year reduced. The debt maturing in one year dropped from 24.7% to 18.3%. Department of Finance will continue to reduce the stock of short - term debt to minimize rollover risk.
Assesment of Action in Budget
Members Only, Please Login to View.
Committee Members
Members Only, Please Login to View.
Spokepersons
Members Only, Please Login to View.
Timeline
Members Only, Please Login to View.