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Jakarta Post

BI buys govt bonds worth $15.8b to support economy

  • Adrian Wail Akhlas

    Jakarta

Jakarta   /   Wed, September 30 2020   /  01:00 am
Bank Indonesia (BI) Governor Perry Warjiyo talks during a livestreamed press briefing after monthly Board of Governors meeting on June 18, 2020.(Courtesy of Bank Indonesia (BI)/-)

Bank Indonesia (BI) has bought Rp 234.65 trillion (US$15.77 billion) worth of government bonds under the “burden sharing” scheme to fund the widening fiscal deficit, pledging continued support for the sluggish economy. Of the total figure, the central bank has bought Rp 51.17 trillion worth of sovereign debt papers (SBNs) through auctions, as well as another Rp 183.48 trillion through private placement as of Sept. 15, BI Governor Perry Warjiyo said during a meeting with House of Representatives Commission XI overseeing financial affairs on Monday. On that basis, BI currently owns Rp 640.6 trillion worth of SBNs. “This is our commitment to support the economy through financing measures and bearing the debt burden so that the government can focus on spending the state budget,” Perry told the lawmakers, stressing that the central bank would continue buying g...