In order to ensure that the province's liability management is based on sound financial principles and is conducted in a prudent manner, management of the province's debt portfolio is overseen by a Risk Committee. The Risk committee's primary objective is to set risk policies and parameters that balance costs and risk within acceptable control standards; the Debt Management Branch must comply with these policies and parameters. The Risk Committee is comprised of the Deputy Minister of Finance, The Deputy Minister of the Environment, the Assistant Deputy Minister, Provincial Treasury, and members from the financial and academic community.
Debt Management Parameters - guidelines established in order to minimize risks associated with the management of the government’s debt.
Debt Management Performance Measurement – how the government determines that its debt portfolio is being managed within an acceptable level of risk while remaining consistent with the long-term financial objectives of the province.
Sinking Funds - in order to manage the retirement of debt the provincial government uses sinking funds.
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