TAILIEUCHUNG - DEBT MANAGEMENT REPORT 1999 - 2000

There is often a presumption that because information is stored in the computer or on disk or tape, it is somehow automatically preserved for all time. Unfortunately, electronic storage media can easily become unreadable over time due to physical, chemical, or other deterioration. Special care and precautionary measures must be taken to avoid the loss of records stored on electronic media. Rule , Florida Administrative Code, specifies maintenance requirements for electronic storage media | DEBT MANAGEMENT REPORT 1999-2000 Her Majesty s Treasury March 1999 DEBT MANAGEMENT REPORT 1999-2000 Foreword by the Economic Secretary to the Treasury As a result of the Government s sound economic management including prudent custodianship of the public finances the forecast debt interest bill has been reduced by 21 2 billion in 1999-2000 compared to the previous forecast and by 4 billion in total over the next three years. The past year has also seen major changes in the way government debt has been managed. On 1 April 1998 the UK Debt Management Office was established as an Executive Agency of the Treasury and took over responsibility from the Bank of England for the sale of gilts and the management of the gilts market. However the Government s issuance policy has remained the same based on openness predictability and transparency. November saw a successful first auction of index-linked gilts thereby extending the policy of precommitment into that sector of the market. The year also saw a commitment to major institutional changes in the retail sector. National Savings has signed a contract with Siemens Business Services for the supply of their operational services to deliver benefits to both the taxpayer and the retail saver. The Government is forecasting another year with a much smaller net cash requirement than has been seen in earlier years with a consequential containment to the amount of financing required. Nevertheless the emphasis on reducing the debt interest bill through policies designed to make gilts and National Savings products attractive remains a key part of the Government s strategy. Under the Code for Fiscal Stability the Government is required to report annually on the structure of borrowing and the cost of the National Debt. This Debt Management Report is the main vehicle through which these obligations are met. It sets out the required forecast of net financing through National Savings the overall size of the gilts issuance programme the .

• Tài chính - Ngân hàng
• foreign entities
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• Branch Profits Tax
• excess interest
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• Advanced accounting
• Variable interest entities
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• Consolidated cash flows
• Interim reporting
• Foreign currency transactions