Government Debt Reaches IDR 250 Trillion In March 2025

Indonesia's debt (Photo: Antara)

Minister of Finance Sri Mulyani Indrawati reported that until March 2025, the realization of government debt financing reached Rp250 trillion, which was equivalent to 40.6 percent of the APBN target of Rp616.2 trillion. This figure shows an increase of 34.3 percent compared to the same period the previous year, which was recorded at Rp85.6 trillion.

Sri Mulyani explained that the increase in debt financing occurred because the government implemented a front loading strategy to anticipate the impact of the policies of the President of the United States (US) which is expected to cause global disruption.

"So if we do front loading, it's not because we don't have money. Because we are indeed a strategy from issuing our debt securities to anticipate uncertainties that will definitely make an increase," he added in economic facilities with the President of the Republic of Indonesia, strengthening Indonesia's economic resilience in the midst of a wave of trade tariff wars, Tuesday, April 8.

Sri Mulyani also detailed that the debt financing consisted of the issuance of net state securities (SBN) which reached Rp270.4 trillion, or 34.8 percent of the Rp775.9 trillion ceiling. The realization of the issuance of this SBN increased significantly compared to last year's Rp105.6 trillion.

In addition, net loans were recorded at IDR 12.3 trillion, or 9.2 percent of the ceiling of IDR 133.3 trillion, and non-debt financing reached IDR 20.4 trillion, or 12.8 percent of the ceiling of IDR 159.7 trillion.

"So in this case, we want to convey that we will continue to maintain the state budget and especially debt and also our prudent, transparent, careful deficit," he concluded.