Chamber Advocacy Monitor

Debt Management

Develop a plan for the management of national debt which examines all options for averting crisis.

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.