Debt can be simply understood as the amount owed by the borrower to the lender. A debt is the sum of money that is borrowed for a certain period of time and is to be return along with the interest. The amount as well as the approval of the debt depends upon the creditworthiness of the borrower.

 

A debt is an obligation that one party owes to another. Conventional kinds of debt include loans (student loans, car loans, etc.), mortgages, credit cards, lines of credit, and fixed-income assets such as bonds, debentures, and other securities issued by non-financial institutions and banks.

 

Debt management is a way to get your debt under control through financial planning and budgeting. The goal of a debt management plan is to use these strategies to help you lower your current debt and move toward eliminating it.

 

G2G objectives to resource mobilization, raise adequate levels of funding to meet government’s financing needs at minimum cost and prudent level of risk. G2G also helps in preparing the policies, research & analysis, operational framework, staff development and Client service. 

 

G2G effective debt management involves primarily seven basic functions: policy, regulatory, resourcing, recording, analytical, controlling and operating functions.