Until February 2026, the Government Has Repaid Rp185.3 Trillion in Debt

JAKARTA - The Ministry of Finance reported that as of February 2026, the government had raised new debt of IDR 185.3 trillion or equivalent to 22.3 percent of the debt financing target in the 2026 State Budget of IDR 832.2 trillion.

This realization is lower than the same period in the previous year which reached Rp249.9 trillion.

Deputy Minister of Finance Juda Agung said that the budget financing this year is still under control.

"The financing of the 2026 budget is well maintained within the controlled limits. The realization at the end of February reached Rp. 185.3 trillion or 22.3% of the target," he said in a press conference on the Kita APBN, quoted on Thursday, March 12.

On the other hand, financing from non-debt sources was recorded at Rp21.1 trillion, or increased compared to the same period last year which only reached Rp3.9 trillion.

Thus, the total realization of budget financing until February 2026 was recorded at Rp. 164.2 trillion or 23.8 percent of the state budget target.

Juda explained that the financing strategy was carried out proactively to ensure that the government's cash availability remained adequate, while maintaining financing flexibility in the midst of global financial market dynamics.

"The financing strategy is carried out in a proactive manner, namely ensuring that the availability of cash remains adequate while maintaining the flexibility of financing to respond to the current market dynamics," he said.

Most of the debt financing was obtained through the issuance of State Securities (SBN) in the domestic market. According to Juda, investor interest in SBN is still strong.

This is reflected in the bid to cover ratio in the SBN auction which remains high. For the State Debt Note (SUN), the ratio is above twice, while for the State Sharia Securities (SBSN) it reaches 3.1 times.

"Even compared to last year, this year is better. This shows the interest and confidence of investors in the fundamentals of our economy is still maintained in the midst of the dynamics of the global financial market which is very full of uncertainty," explained Juda.

In addition to through the domestic market, the government also seeks financing from the international market through the issuance of global SBN in February 2026.

The bonds were issued in two currencies, namely offshore renminbi (CNH) of 9.25 billion with a yield of around 2-3 percent, and euro bonds worth 2.7 billion euros with a yield of around 4-5 percent.

"And this is in the global market, and the fairly good yield shows that global investors are very confident in our economic fundamentals which are still well maintained," said Juda.