The Government of India, in consultation with the Reserve Bank of India (RBI), has placed in public domain Medium-Term Debt Management Strategy (MTDS). The strategy has been articulated for a period of three years (2015-16 to 2017-18). The strategy document contains the objectives, risk analysis of Government borrowings and strategy to be followed. MTDS is in consonance with the Medium-Term Fiscal Policy Statement (MTFPS). MTDS has been prepared based on sound international practices and taking into account the domestic economic and financial conditions.

MTDS would be updated on an annual basis to reflect the emergent conditions. The complete MTDS document is also attached here with for ready reference and record.

Click here to see Complete MTDS Document

Medium-Term Debt Management Strategy placed in public domain to guide government borrowing, objectives and risk framework. Placement of a Medium-Term Debt Management Strategy (MTDS) in the public domain establishes a transparent framework for government debt policy. Prepared with the central bank, the MTDS sets borrowing objectives, presents a risk analysis of financing choices, and identifies strategy for managing maturity, funding mix and associated risks. It aligns with the Medium-Term Fiscal Policy Statement, follows international practices adapted to domestic conditions, and will be updated annually to reflect emergent conditions.