What are best practices in debt management typically defined as?

Best practices in debt management are typically defined as recommended strategies for effective management. These strategies are established to promote responsible borrowing, repayment, and overall financial health of municipalities. They encompass guidelines and frameworks that assist financial managers in making informed decisions about debt issuance and management, ensuring sustainability and minimizing risks associated with borrowing.

By following these recommended strategies, municipal finance officers can better evaluate their borrowing needs, assess market conditions, create comprehensive debt policies, and enhance transparency. This structured approach aims to balance the need for funds with the ability to repay them, ultimately leading to more efficient and effective management of public resources.