Which office issues treasury bills weekly for the Treasury?

Which office issues treasury bills weekly for the Treasury?

• A. Bank of England
• B. Debt Management Office
• C. HM Treasury
• D. Office for Budget Responsibility

Answer: (B)

The key idea is who is responsible for borrowing on behalf of the government by issuing short-term securities. In the UK, the Debt Management Office acts as the government’s debt manager and runs the weekly auctions of Treasury bills to fund short-term funding needs. It does this on behalf of the Treasury, coordinating the issuance of these instruments. The Bank of England is the central bank handling monetary policy and settlement, not the issuer of Treasury bills for the Treasury. The HM Treasury sets policy and oversees debt management but relies on the DMO to issue securities. The Office for Budget Responsibility provides independent forecasts and scrutiny of public finances, not debt issuance.

The key idea is who is responsible for borrowing on behalf of the government by issuing short-term securities. In the UK, the Debt Management Office acts as the government’s debt manager and runs the weekly auctions of Treasury bills to fund short-term funding needs. It does this on behalf of the Treasury, coordinating the issuance of these instruments.

The Bank of England is the central bank handling monetary policy and settlement, not the issuer of Treasury bills for the Treasury. The HM Treasury sets policy and oversees debt management but relies on the DMO to issue securities. The Office for Budget Responsibility provides independent forecasts and scrutiny of public finances, not debt issuance.