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UK Debt Management Office
Debt Management Office may refer to: * Debt Management Office (New Zealand) * Debt Management Office (Nigeria) * Debt Management Office (United Kingdom) * Public Debt Management Office, a department of Nepal's Ministry of Finance A ministry of finance is a ministry or other government agency in charge of government finance, fiscal policy, and financial regulation. It is headed by a finance minister, an executive or cabinet position . A ministry of finance's portfoli ...
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Debt Management Office (New Zealand)
The New Zealand Treasury () is the central public service department of New Zealand charged with advising the Government on economic policy, assisting with improving the performance of New Zealand's economy, and managing financial resources. The Minister responsible for the Treasury is the Minister of Finance of New Zealand; however, from 1996 to 2002, there existed a more specific position of Treasurer of New Zealand. The role was created for Winston Peters by the Fourth National Government under Jim Bolger after the 1996 election, and abolished by Helen Clark’s government in 2002. Treasury has four main functions: * Provide advice to improve economic and fiscal conditions for high levels of economic growth and improved living standards. * Monitor and manage the financial affairs of the Crown. * Assess and test other Government agencies’ advice and proposals that have economic and financial implications. * Provide leadership, with other central agencies, to develop a high ...
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Debt Management Office (Nigeria)
The Debt Management Office (DMO) is a government agency established on 4 October 2000, tasked with centralizing the management of Nigeria's debt. It was created in response to challenges in Nigeria's debt portfolio, which included high external and domestic debt, substantial debt service, low external reserves, and weak debt management capacity. History The DMO was established following recommendations from the Debt Management Department (DMD) of the International Monetary Fund (IMF) after a comprehensive assessment of Nigeria's debt situation in 1999. The DMD suggested the establishment of a single agency responsible for all aspects of public debt management, including policy formulation, strategy development, borrowing, recording, servicing, and reporting. Initially an autonomous unit within the Presidency, the DMO was later transferred to the Ministry of Finance in 2001 and upgraded to a full parastatal in 2003. The legal framework for the DMO's operation includes the Fiscal ...
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Debt Management Office (United Kingdom)
The Debt Management Office (DMO) of the United Kingdom is the executive agency responsible for debt and cash management for the UK Government, lending to local authorities and managing certain public sector funds. Purpose The DMO is responsible for day-to-day management of the UK Government's debt. It is tasked with carrying out the UK Government's debt management policy of minimising financing costs over the long term, taking account of risk, and managing the aggregate cash needs of the Exchequer in the most cost-effective way, in both cases consistently with the objectives of monetary and any wider policy considerations. It also manages the Public Works Loan Board and the Commissioners for the Reduction of the National Debt. Legal responsibility In institutional terms, the DMO is legally and constitutionally part of HM Treasury as an executive agency. The minister ultimately responsible for the DMO is the Chancellor of the Exchequer, who determines the policy and financia ...
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