Public Debt Management Office gets savings bonds in order to fund stimulus

The Public Debt Management Office (PDMO) is preparing to issue 50-billion-baht savings bonds early next year to fund the government’s fiscal stimulus incentives.

The plan to issue government savings bonds under the fiscal 2021 budget is capped at no more than 100 billion baht, said Patricia Mongkhonvanit, the PDMO’s director-general.

The 50-billion-baht savings bonds are the first batch of issuance, said Mrs Patricia.

The issuance of government savings bonds, however, will have to be assessed in accordance with the government’s financial needs, she said.

If there is no explicit need for funding, the PDMO will not issue government savings bonds, said Mrs Patricia.

Government savings bonds are a good option for funding as the public has responded well in the past, she said.

Regarding the issuance of government bonds after New Year to compensate for the fiscal…