Purbaya Reveals That Expenditures Are Right On Target And Budget Efficiency Is The Key To Controlling State Debts

JAKARTA - The government reported that until June 2025 the total outstanding government debt was recorded at IDR 9,138.05 trillion, with a ratio to gross domestic product (GDP) reaching 39.86 percent.

Minister of Finance Purbaya Yudhi Sadive explained that the government's main strategy in managing debt is to maintain economic growth and ensure that the state budget is spent on target, on time, without leaks, and optimizing the impact of state spending on the economy.

"Hopefully with that, economic growth will be faster, the tax will also be greater income, so I can suppress the deficit from there," told the media crew, Monday, October 27.

Furthermore, he said that if the economy could grow faster, there would be improvements in the state revenue sector, including from customs, taxes, and other sources, so that it is hoped that it can increase the tax-to-GDP ratio (tax-to-GDP ratio).

"If the real sector goes well like the one I designed, but it's not direct now, in the next few months, it should increase the tax ratio by almost half to one percent. It's related to a minimum of IDR 100 trillion," he explained.

Purbaya added that the government continues to accelerate the growth of the real sector by reducing various obstacles.

"So I hope that the Real sector can grow with effort, that's why I'm working here to ensure that barriers in the real sector can be significantly reduced."

"So if I go here and there, it's not that I don't have anything to do, because I'm betting on this quarter, at least the pace of economic growth is faster than the previous quarter, we are targeting it above 5 percent," he said.