Remit

Information

 

Before the end of each financial year HM Treasury sets an annual financing remit for the Debt Management Office for the following financial year. The remit specifies the annual total of gilt sales planned for the financial year and the breakdown between index-linked and conventional gilts (and within conventional gilts the maturity split between short, medium and long maturities). The remit is usually revised each November/December when the revised forecasts for the public finances are published at the Autumn Budget. It can also be revised in April when the outturn of the Central Government Net Cash Requirement (CGNCR) for the previous financial year is published. Further information relating to the DMO’s current and previous remits appears below: