BTr 3 Bulacan OIC-Provincial Head Gerard Michael Caoleng said RTB is a program of the national government, which aims to raise funds for its priority projects, especially during this time of pandemic.
“This is a support to the sectors affected by the pandemic like unemployment, micro small and medium enterprises, and country’s healthcare system; enhancing the country’s response against the pandemic; as well as the various priority projects nationwide,” Caoleng said.
The provincial head said this program was launched to encourage the public to start saving and investing, while helping the government generate income.
“This type of investment is affordable, convenient, low-risk, has higher yield than time deposit, negotiable, and transferrable. We call this the default-risk since it is issued by the national government, thus, the risk for one’s return on investment is very, very low,” he said.