Government of the Punjab established a Debt Management Unit in Finance Department during FY 2015-16 for developing and implementing a comprehensive plan for management of sub-national debt. This entails raising the required amount of borrowing at low cost, diversify the sources of borrowing and maintain a maturity profile that avoids excessive repayments in any one year.
Enlisted below are the functions performed by the unit:
- Preparation and execution of debt management strategy.
- Developing an automated database of debt and guarantees.
- Developing and implementing the policies and procedures necessary for sound administration of debt.
- Assisting the Government in developing and implementing a legislative framework for effective debt management.