Minggu, 10 Syawwal 1439 / 24 Juni 2018

Minggu, 10 Syawwal 1439 / 24 Juni 2018

Government's debt reach Rp4,180 trillion

Jumat 18 Mei 2018 06:04 WIB

Red: Reiny Dwinanda

Finance Minister Sri Mulyani (right) accompanied by Director General of Financing and Risk Management of the Finance Ministry, Luky Alfirman hold a press conference on 2018 state budget, Jakarta, on Thursday (May 17).

Finance Minister Sri Mulyani (right) accompanied by Director General of Financing and Risk Management of the Finance Ministry, Luky Alfirman hold a press conference on 2018 state budget, Jakarta, on Thursday (May 17).

Foto: Antara/Sigid Kurniawan
Government's debt ratio is 29.8 percent of the GDP.

REPUBLIKA.CO.ID, JAKARTA -- The government's debts have reached Rp4,180 trillion, or 29.8 percent of the national gross domestic product (GDP), as of late April 2018. Director General of Financing and Risk Management of the Finance Ministry, Luky Alfirman, made the statement here on Thursday.

Alfirman noted that the government's debts result from state bonds, worth Rp3,407.14 trillion, and loans, worth Rp773.47 trillion. He said that the government has exercised caution in implementing the financing strategy through government debts by taking the costs, risks, and capacities into account.

The state bonds were also issued by observing the principles of prudence, cost efficiency, productivity, and balance, he remarked.

Also read: Ministry dismisses fear of failure to repay foreign debts

Meanwhile, debt financing in the 2018 state budget reached Rp187.16 trillion, making up 46.8 percent of the target of Rp399.22 trillion.

The financing has reached a half of the target, because it is part of the strategy of issuing state bonds in the beginning year (front loading) to anticipate global uncertainty, he added.

"We have upsized it since the beginning when the market was good to anticipate the global economic phenomenon," he explained.

The government's loans, currently, also show signs of negative growth as Indonesia is no longer a low-income country, and so it can no longer receive loans with low interest.

Sumber : Antara
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Ahad , 24 Juni 2018, 11:38 WIB