TheJakartaPost

Please Update your browser

Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.

Jakarta Post

Government debt reaches Rp 4.25 quadrillion in July

  • News Desk

    The Jakarta Post

Jakarta   /   Wed, August 15, 2018   /   12:23 pm
Government debt reaches Rp 4.25 quadrillion in July Brokers monitor the trading of bonds and other debt papers in a dealing room of the Bank Rakyat Indonesia Treasury in Jakarta. (kompas.com/Hendra A Setyawan )

The Finance Ministry recorded Rp 4.25 quadrillion (US$290.33 billion) of government debt in July, slightly higher than the figure in the previous month, said Finance Ministry financing and risk director general Luky Alfirman on Tuesday.

He said the figure was equal to 29.74 percent of the country’s gross domestic product (GDP), lower than 29.79 percent in the previous month.

The realization of debt financing in July reached Rp 205.6 trillion, or 51.5 percent of the target in the state budget, which was set at Rp 399.2 trillion, he said.

Up to July, the government’s debt paper (SBN) issuance had reached 61.3 percent of the target in the state budget, with a total value of Rp 221.9 trillion, Luky added.

“It is still on the track up to the end of the year,” he said, as quoted by kompas.com, adding that SBN issuance had tended to decrease since 2016.

The government collected Rp 312.5 trillion from SBN issuance in 2016 and Rp 307.6 trillion in 2017, he said, adding that this was in line with the government’s program to reduce government debt, manage cash-flow and control financial market volatility. (bbn)