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You are the chief fiscal officer for a municipality and have been directed by the mayor's...

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Finance

You are the chief fiscal officer for a municipalityand have been directed by the mayor's office to lead government ofa writing debt policy statement. You are aware of the risksborrowings money and the grave importance of strong internalcontrol. what must be include in this policy if it is to beeffective?

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Meaning of Debt Policy Debt Policy means written guidelines which directs laws of debt issue in a statearea or country They are written to manage debt practices and debt limits rules and regulations for debt practices A debt policy should be a sound and perfect because it will affect the money supply in that particular area Debt is a source of money for the lender on which the lender pays interest The continuity of interest payment and payment of debt on time is a must for the lender otherwise the debt would turn bad debt Reason for a Good Debt Policy Government use debt policy to either increase or decrease the flow of    See Answer
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Transcribed Image Text

You are the chief fiscal officer for a municipalityand have been directed by the mayor's office to lead government ofa writing debt policy statement. You are aware of the risksborrowings money and the grave importance of strong internalcontrol. what must be include in this policy if it is to beeffective?

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