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government-debt

Tug-of-war between debt and stimulus awaits Yellen at Treasury
Business 5 years ago

Tug-of-war between debt and stimulus awaits Yellen at Treasury

"Our focus should be on Main Street not Wall Street," Yellen said.
Indonesia’s foreign debt rises to $413b in October
Business 5 years ago

Indonesia’s foreign debt rises to $413b in October

Indonesia’s external debt, which includes government and private-sector borrowings, increased 3.3 percent year-on-year (yoy) in October, lower than 3.8 percent yoy growth recorded in September.
Indonesia’s forex reserves dropped slightly to $133.6b in November
Business 5 years ago

Indonesia’s forex reserves dropped slightly to $133.6b in November

“Bank Indonesia is of the view that the foreign exchange reserves are adequate, supported by stability and a positive outlook for the economy, in line with various policy responses to push for economic recovery,” the central bank said in a statement.
Indonesia’s budget deficit jumps to $54.1b in October as virus-related debt piles up
Business 5 years ago

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Indonesia’s budget deficit jumps to $54.1b in October as virus-related debt piles up

As vaccines may only become available in the second half of next year, the pandemic will continue to limit economic recovery, said Institute for Development of Economics and Finance executive director Tauhid Ahmad.
Indonesia sees 3.8% foreign debt growth in Q3, BI says debt-to-GDP still 'healthy'
Business 5 years ago

Indonesia sees 3.8% foreign debt growth in Q3, BI says debt-to-GDP still 'healthy'

While Indonesia’s external debt grew 3.8 percent year-on-year in the third quarter, Bank Indonesia has stated that total external debt remained at a healthy level.
Indonesia’s forex reserves decline to $133.7 billion in October
Business 5 years ago

Indonesia’s forex reserves decline to $133.7 billion in October

Indonesia’s foreign exchange (forex) reserves declined by US$1.5 billion in October to $133.7 billion due to the government’s foreign debt payments, Bank Indonesia (BI) announced on Friday.
Indonesia foreign debt rises as govt borrows from multilateral organizations
Business 5 years ago

Indonesia foreign debt rises as govt borrows from multilateral organizations

Indonesia’s foreign debt rose by the end of August as the government borrowed funds from multilateral organizations to cover the country’s fiscal deficit, while businesses borrowed funds for investment.
BI buys $15.7b in govt bonds to support economy
Business 5 years ago

BI buys $15.7b in govt bonds to support 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.
Indonesia’s debt jumps as government ramps up virus spending
Business 5 years ago

Indonesia’s debt jumps as government ramps up virus spending

The country’s debt-to-gross domestic product (GDP) ratio rose to 34.53 percent as of August, a jump from 29.8 percent recorded in the same month last year, Deputy Finance Minister Suahasil Nazara said on Monday.
World Bank chief warns extreme poverty could surge by 100 million
Business 5 years ago

World Bank chief warns extreme poverty could surge by 100 million

The Washington-based development lender previously estimated that 60 million people would fall into extreme poverty due to COVID-19, but the new estimate puts the deterioration at 70 to 100 million.
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