The Public Debt Management Office (PDMO) announced plans to sell 100 billion baht (US$2.78 billion) worth of savings bonds within the fiscal year to finance the budget deficit. The initial issue, valued at 40 billion baht (US$1.1 billion), will be offered next month, according to the director-general of the PDMO, Patchara Anuntasilpa.
The first tranche of savings bonds for the fiscal year 2024 will be launched via two platforms: the Pao Tang application and various commercial banks. The public can download the Pao Tang app, register, and deposit money either through mobile banking to the PDMO’s digital wallet or at any Krungthai Bank using the wallet ID. Alternatively, the bonds can be purchased directly from commercial banks such as Krungthai Bank, Bangkok Bank, Kasikorn Bank, and Siam Commercial Bank.
The first lot of the bonds, available to Thai…
