The government of India has put medium-term debt management strategy (MTDS) for a period of three years (2015-16 to 2017-18) in public domain.
The document contains the objectives and risk analysis of the government borrowings and strategy to be followed. It aims at lowering cost of borrowings and expanding the list of eligible investors to help deepen the local sovereign bond market.
The objective of the debt management strategy (DMS) is to secure the government’s funding at all times at low cost over the medium /long-term while avoiding excessive risk. The DMS may be reviewed annually and rolled over for the next three years.
The scope of debt management strategy is restricted to active elements of domestic debt management, i.e., marketable debt of the Centre only. Over time, the scope would be progressively expanded to cover the entire stock of outstanding liabilities including external debt as well as general government debt including state development loans.
Published: 2016-01-01 07:46:00 UTC+00
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