216 Government Finance Statistics Manual 2014
7.270 Measuring the value of outstanding long-term
public sector debt (original maturity) falling due in one
year or less may raise practical diffi culties, in which in-
stance, one proxy measure that may be used is the un-
discounted value of principal payments on long-term
public sector debt liabilities (original maturity basis) due
to mature in one year or less. Th is proxy measure is in-
complete in its coverage of interest payments falling due
in the coming year but can be compiled using the princi-
ples for projecting payments in a debt-service schedule.7.271 Statistics on a remaining maturity basis per-
mit an assessment of liquidity risk by indicating when
public sector debt payments will fall due. Information
on payments becoming due in the short- to near-
term is particularly relevant for this analysis. Statis-
tics on a remaining maturity basis are also used for
debt management purposes. Statistics on an original
maturity basis provide an indication of the borrower’s
credit-worthiness and the type of markets in which it
is borrowing.