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Management of Public Debts in both National and County Governments’

Unit: Advanced Taxation

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May 2021

 1 Questions
Question 2c
​Many developing countries have resorted to increased reliance on public debt in order to finance their expenditure. This strategy has however resulted in negative impacts on projected economic growth rates. 

Required: 
With reference to the above statement, describe the negative implications of increased public debt in financing of recurrent expenditure by a government.


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November 2020

 1 Questions
Question 1c
​​​Summarise five functions of the Directorate of Public Debt Management.


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November 2019

 1 Questions
Question 5b
​​Explain four ways through which the Public Debt Management office may enhance the functions of the commission on revenue allocation in your country.


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May 2019

 1 Questions
Question 1b
​ ​ ​​With regard to the government's responsibilities in public finance management: 

(i) Discuss three roles of the Cabinet Secretary for the National Treasury and Planning or equivalent office in your country, with regard to public debt management. 

(ii) Summarise three responsibilities of the State Corporations Advisory Committee (SCAC) or equivalent body in your country.


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November 2018

 2 Questions
Question 1b
​​Over the last few years, Country Z's rising public debt has been a point of discussion in most macroeconomic outlook discussions, with organisations such as the World Bank and global rating agencies raising concerns. 

Required: 
Discuss three measures that the government of Country Z could take to reverse the above trend.


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Question 1c
​ ​​Explain, three objectives of tax modernisation programmes which have been recently undertaken in a number of developing economies.


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May 2018

 1 Questions
Question 1a
The following was an extract of a speech delivered by a County Governor during a recent National Devolution Conference in your country. 

"Today, a number of counties are heavily indebted with loans most of which were inherited from the defunct local authorities. This state of affairs threatens the long term financial sustainability of such counties". 

Required: ​​
Discuss three strategies that county governments could put in place to manage long outstanding debts.


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November 2017

 1 Questions
Question 3a
​​Describe three ways through which the government might redeem public debt.


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May 2017

 1 Questions
Question 1a
​​A government's debt portfolio is usually the largest financial portfolio in a country. It often contains complex and risky financial structures and can generate substantial risk to the government's balance sheet. 

Required: 
In the context of the above statement: 
(i) Explain the term "public debt management". 

(ii) Discuss five guidelines for effective public debt management.


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May 2016

 1 Questions
Question 1a
​ ​​Country Y has recently introduced a number of reforms with regard to public sector financial management. One of the reforms involved the establishment of a debt management office (DMO).

Required:

Discuss four possible roles of the DMO as established in Country Y


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November 2015

 2 Questions
Question 1b
​​Country X has undertaken a number of infrastructural projects as part of its long-term development initiatives. This has however resulted in the government borrowing heavily from both the domestic market and the foreign market. As a result, interest rates have risen significantly, a situation that has affected other critical sectors of the country's economy. 

Required: 
In the context of the above scenario, advise the government of Country X on four approaches that it could use to manage its public debt.


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Question 2c
​ ​​Citing two examples, discuss the relevance of the international financial market in the context of public financial management in your country.


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Pilot September 2015

 1 Questions
Question 1b
​​ (i) Explain the relevance of transparency and accountability in the context of public debt management in your country. 

(ii) Discuss the importance of sound public debt management.


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