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government-debt

Markets 6 months ago

Fitch downgrades France's credit rating in new debt blow

French politicians sounded the alarm after the Fitch agency downgraded the country's credit rating, with the outgoing interior minister on Saturday blaming the move on "decades of fiscal mismanagement".

Regulations 10 months ago

PREMIUM
Danantara's bond issuance plan prompts calls for transparency

Transparency from the outset to allay foreign investor's concerns is key to the success Danantara's plan to issue bonds, analysts say.

Regulations 1 year ago

PREMIUM
Budget deficit may cross 3 percent threshold on costly programs

The Prabowo administration's first 100 days indicate a potential for accelerated debt accumulation to help finance the President's free meals and housing programs, economists say, pointing to a fine balance between spending and revenue generation in the coming years to 2029.

Economy 1 year ago

PREMIUM
High debt to shrink fiscal space for Prabowo administration

Amid limited fiscal space from Rp 3.74 quadrillion in government debt due to mature during his presidency, economists suggest the incoming government to cut the fat from both the administration and the state budget to prioritize productive spending.

Regulations 1 year ago

PREMIUM
Government debt reaches Rp 8.3 quadrillion in April

Government debt rose to Rp 8.33 quadrillion (US$513 billion) in April from Rp 8.26 quadrillion in the preceding month but remains well below the legal threshold.

Presidential Race 2 years ago

Ganjar-Mahfud to refrain from tax hike if elected

Indonesia’s tax ratio currently stands at around 10.5 percent and covers 82 percent of state expenditure, vice presidential candidate Mahfud MD noted, underscoring the need for greater tax returns.

Economy 2 years ago

Moody's turns negative on US credit rating, draws Washington ire

Moody's is the last of the three major rating agencies to maintain a top rating for the US government. Fitch changed its rating from triple-A to AA+ in August, joining S&P which has had an AA+ rating since 2011.

Regulations 2 years ago

US may risk debt default 'as early as June 1': Yellen

The United States could run out of money to pay its financial obligations -- risking a catastrophic default -- as early as the start of June, Treasury Secretary Janet Yellen said Monday, as policymakers tussle over raising the debt ceiling.