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View all search resultsFinance Minister Sri Mulyani Indrawarti has responded to criticism of swelling government debt, which reached Rp 4.42 quadrillion (US$313.83 billion) in December, by arguing that people should not only see the debt from its nominal side.
The swelling trade and current account deficits are a serious matter for the country’s economy as it will negatively affect the rupiah’s performance and the country’s resistance to the external pressure triggered by global economic uncertainty, economists say.