Public debt management policies are the guidelines and procedures that guide the debt issuance practices of central and local governments, including the issuance process, risk management of a debt portfolio, and adherence to internal and international regulations.
Debt management is the process of planning your debt liabilities and repayments.
You can do this yourself, or use a third-party negotiator (usually called a credit counselor).
This person or company works with your lenders to negotiate lower interest rates and combine all your debt payments into one monthly payment.
Debt policies should also address debt structure and general repayment terms, including maximum repayment terms, debt service patterns (such as equal payments or equal principal amortization), and the use of variable or fixed-rate interest.