F4B: Strategic Objective F4B
Manage Federal Debt Effectively and Efficiently Other Information:
Treasury is responsible for borrowing what is necessary to meet the Government’s financing needs. The sum of all borrowing
is called the gross federal debt. Treasury’s goal is to provide government financing at the lowest cost over time. Issuing
debt regularly and in predictable quantities fulfills this mission. The risks to regular and predictable issuance include
unexpected changes in our borrowing requirements, the demand for our securities, and anything that inhibits timely sales of
our securities. To reduce these risks, Treasury closely monitors economic conditions, fiscal policy, and market activity and,
when necessary, responds with changes in debt issuance based on thorough analysis and discussions with market participants.
We also seek to lower our borrowing costs by ensuring timely, reliable sales of securities through continuous improvement
in the auction process.
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