JAKARTA - Minister of Finance Purbaya Yudhi Sadive guarantees Indonesia's debt position which reaches IDR 9,138.05 trillion, equivalent to 39.86 percent of gross domestic product (GDP), is still at a safe level.
In the Sarasehan 100 Economist Indonesia activity in Jakarta, Tuesday, October 28, Purbaya explained that the rating agency assesses the fiscal capabilities of a country based on two main indicators, namely the deficit to GDP ratio and debt to GDP ratio, where Indonesia's record is below the standards of the two indicators.
For the deficit to GDP, for example, the European Union in the Maastricht Treaty agreement sets a threshold of 3 percent of GDP. Meanwhile, Indonesia's deficit is maintained below 3 percent, with the latest record of IDR 371.5 trillion or 1.56 percent of GDP as of September 30, 2025.
Meanwhile, Indonesia's debt ratio, which is at the level of 39.86 percent, is below the threshold for the debt ratio set by Maastricht Treaty of 60 percent of GDP.
"So, even with the strictest international standards, we are still prudent," said Purbaya, quoted by Antara.
The state treasurer also promised to maintain the State Revenue and Expenditure Budget (APBN) so as not to exceed the 3 percent deficit threshold. "In the near future, I will not change that, I will continue to maintain it both this year and next year," he said again.
Purbaya will only evaluate the need for adjustment of state revenue and debt ratio if the Indonesian economy is able to score 8 percent growth.
If it grows 7 percent, for example, we consider. Shouldn't we reduce taxes? Or should we not reduce debt or increase debt to reach 8 percent? But the calculation is clear on paper. If I have increased 7 percent, people are also happy," he said.
Previously, the Director General of Financing and Risk Management at the Ministry of Finance, Suminto, detailed that Indonesia's debt was recorded at IDR 9,138.05 trillion as of June 2025, with distribution at the loan post of IDR 1,157 trillion and Government Securities (SBN) of IDR 7,980.87 trillion.
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Suminto said the government would release debt data quarterly starting this year, not monthly like in previous years.
This policy aims to ensure debt statistics is more credible because it is adjusted to the national GDP size released every quarter by the Central Statistics Agency (BPS).
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