This document illustrates the Public Debt Management Guidelines for the year 2015. With the same, as is by now consolidated practice, the Treasury Department intends to inform those participating in the Government securities market regarding the issuance strategy to be followed during the next year with the aim of further highligthing the reasons behind the choices that the Treasury will make on a case-by-case basis on the sovereign debt market. As is customary, the indications outlined will have to be evaluated and considered in relation to international financial market conditions and the effects of these on dealers’ and investors’ choices with respect to the wide range of instruments offered by the Treasury. Lastly, one must remember that the Guidelines allow market participants to gain concise and direct knowledge of the salient innovations that will be introduced during the upcoming year and the reasons behind them.