The main objective of public debt management is to ensure that the government's financing needs and its payment obligations are met. It includes raising the required amount of funding and maintaining a market for government securities. Governments have to ensure that the level of their debt is sustainable.
Government agencies administer a variety of securities to cover public financing needs. This activity includes issuing, servicing, and redeeming government securities. They also perform accounting and reporting services on receipts and disbursements to ensure that all principal and interest amounts are accounted for appropriately, reported timely, and presented accurately.
Source(s):
www.imf.org, www.publicdebt.treas.gov