| Guidelines |
| Guidelines for Public Debt Management (WB / IMF) |
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| Amendments to the Guidelines for Public Debt Management |
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Up |
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| Case Studies |
| The Zambian Project |
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| Paradigmatic Audits |
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Public Audit Report on Public Debt Management (National Audit Office of the Republic of Lithuania, July 30, 2007) |
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| The National Audit Office of Lithuania assessed the efficiency of the debt taken on behalf of government management strategy and public money (including borrowed funds) management in 2006. With this public audit report, the SAI of Lithuania recommends its Government to review on a regular basis the State Strategy of a Medium-term Debt Management by reviewing debt management objectives and indicators; to consider possibility to make a legal provision of using surplus budget revenues after the public sector achieves a zero balance for reducing of public debt. |
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Debt Management – Backup Funding Options Would Enhance Treasury’s Resilience to a Financial Market Disruption (US Government Accountability Office, September 2006, GAO-06-1007, available in www.gao.gov) |
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| This performance audit examines how the U.S. Treasury could obtain funds during a future potential wide-scale financial market disruption.
GAO examined (1) steps Treasury and others took during the September 11, 2001 attacks and after to assure required debt obligations and payments were made on time and ensure liquidity in the markets, (2) major actions Treasury and others have taken since the attacks to increase the resiliency of the auction process, and (3) the opinions of relevant parties on the main design features of any backup funding options. GAO issued recommendations to the Treasury and Congress to expand the backup funding options during a catastrophic emergency. |
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Debt Management – Treasury Has Refined Its Use of Cash Management Bills but Should Explore Options That May Reduce Cost Further (US Government Accountability Office, March 2007, GAO-06-269, available in www.gao.gov) |
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This performance audit examines the Department of the Treasury’s growing use of unscheduled, high-cost cash management bills (CM bills) to obtain funding for expected large payments at the beginning of each month. GAO describes (1) when Treasury uses CM bills and why, (2) the advantages and disadvantages of CM bills, and (3) steps taken by Treasury to reduce the overall borrowing costs associated with CM bills.
GAO identifies possible options Treasury could consider to reduce the use and cost of CM bills further. |
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Financial Audit – Bureau of the Public Debt’s Fiscal Years 2006 and 2005 Schedules of Federal Debt (US Government Accountability Office, November 2007, GAO-07-127, available in www.gao.gov) |
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This financial audit is part of mandated GAO audit of the US government's consolidated financial statements. GAO has also been auditing the Bureau of the Public Debt*s (BPD) Schedules of Federal Debt annually for 10 years. The audit of these schedules is done to determine whether, in all material respects, (1) the schedules are reliable and (2) BPD management maintained effective internal control relevant to the Schedule of Federal Debt. Further, we test compliance with selected provisions of significant laws related to the Schedule of Federal Debt. |
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Federal Debt – Answers to Frequently Asked Questions (US Government Accountability Office, 2004, GAO-04-485-SP, available in www.gao.gov) |
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This primer on US federal debt presents current information on how federal debt is defined and measured, the relationship between federal debt and the budget and the economy, federal debt management and ownership, and future policy issues regarding federal debt. The goal of the primer is to provide the information in a clear, concise, and easily understandable manner for a non-technical audience. |
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Memorandum by the Auditor General Office – Study on the National Debt Contraction Process and Debt Management in Zambia (Office of the Auditor General of Zambia, April 2005) |
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Memorandum to the Parliament’s Committee on Economic Affairs and Labour on the National Debt Contraction Process and Debt Management in Zambia, which includes detained information on the legal and regulatory framework, the role of the Auditor General, the procedures followed in the National Debt Procurement in the past 15 years, accordance of the procedures with laid down legislation and regulations, effectiveness level of the process of national debt management, and proposed appropriate legislative reform measures. |
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Report of the Auditor General of the Republic of the Fiji Islands (Office of the Auditor – General of the Republic of Fiji Islands, September 2006) |
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Office of the Auditor – General’s last Audit Report (year 2005) to Parliament highlighting issues on Public Debt. |
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Effectiveness of the New Zealand Debt Management Office (Office of the Auditor General of New Zealand, June 2007) |
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Performance Audit Report from the OAG of New Zealand on the effectiveness of the NZ Debt Management Office. |
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