Prabowo-Gibran Bantah Team Will Increase Debt Ratio By 50 Percent

Rupiah (Photo: Antara)

JAKARTA - Member of the Finance Division of the Prabowo Subianto-Gibran Rakabuming Raka Synchronization Task Force Team, Thomas Djiwandono, denied that in the Prabowo-Gibran administration in the future it would increase the debt ratio to Gross Domestic Product (GDP) by 50 percent.

"The debt ratio to GDP, which was said to be above 50 percent a few weeks ago, and so on, is impossible," he said at a press conference on the latest economic fundamental conditions and the 2025 State Budget plan, Monday, June 24.

Thomas emphasized that the President and Vice President Elect Prabowo Subianto and Gibran Rakabuming Raka will remain committed to the targets that have been planned and agreed upon by the current government and the DPR.

"We also want to emphasize that the President-elect is committed to a deficit or deficit target that will be agreed upon by the current government and the DPR," he said.

In addition, Thomas said the budget allocation for the free nutritious food program of IDR 71 trillion had been agreed upon by the current government and the upcoming government.

Rp71 trillion for us is a very good number, the Minister of Finance (Sri Mulyani) stated that we are committed. We are running Pak Prabowo's flagship program in stages. The key is gradual and of course with quality spending principles," he said.

Thomas explained that his party will continue to follow the discussion cycle of the 2025 RAPBN which is currently rolling between the current government and the DPR and the elected president Prabowo are committed to maintaining the 2025 State Budget deficit below 3 percent.

"In the last few weeks there have been many reports, so we as a task force team want to state clearly, with the Rp71 trillion figure, meaning that the deficit is guaranteed," he said.

As for the Macroeconomic Framework and the Principles of Fiscal Policy (KEM PPKF) in 2025, it is set at 2.29 percent 2.82 percent of GDP.

Thomas also asked the public to participate in supervising his calculations. "Later, please just calculate it. In essence, we are committed to the targets that have been planned now and have been agreed with the DPR," he added.