A non–statutory Public Debt Management Agency (PDMA)shall be established that can begin work in 2014-15. Presenting the Interim Budget 2014-15 the Union Finance Minister Shri P. Chidambaram said that pursuant to the announcement in the Budget speech of 2011-12, Government is ready with the Public Debt Management Agency Bill.

Public Debt Management Agency to be established, with a Bill prepared to operationalise centralised debt management functions. Establishment of a non statutory Public Debt Management Agency is announced to commence operations in 2014-15, and the Government is ready with a Public Debt Management Agency Bill pursuant to a prior Budget commitment to professionalise and centralise debt management functions.