Public debt management agency centralises debt issuance and management, mandating securities issuance, payment duties and government oversight. The Central Government may establish a Public Debt Management Agency to minimise long term cost and risk of public debt. The Agency, governed by a Board of executive and nominee members, will collect and publish public debt information, purchase, re issue and trade Government securities, carry out debt management transactions, be entrusted with issuance of Government securities, make payments to security holders as per terms, accept Central Government directions, and be exempt from taxes.