Government Debt Reaches Rp10.293.69 Trillion in the Second Quarter of 2026

Illustration. (Photo: Dok. Antara)

JAKARTA - Government debt outstanding as of the second quarter of 2026, recorded a total of Rp. 10,293.69 trillion or an increase of Rp. 373.2 trillion compared to the position in the first quarter of 2026 which was Rp. 9,920.42 trillion.

Based on data from the Directorate General of Financing and Risk Management of the Ministry of Finance (DJPPR Kemenkeu), the increase in outstanding debt makes the government's debt ratio to gross domestic product (GDP) at the level of 41.26 percent in the second quarter of 2026.

The calculation of the ratio uses the government's outstanding debt and the accumulated GDP based on the latest applicable prices, namely Rp. 6,552.1 trillion in the second quarter of 2026 and the previous three quarters.

"The government manages debt carefully and measuredly to achieve an optimal debt portfolio and support the development of the domestic financial market. The composition of government debt is mostly in the form of SBN instruments which reach 87.11 percent," quoted from the official website of the DJPPR Ministry of Finance, Wednesday, August 12.

In detail, the government's debt position until the first half of 2026 consists of SBN of IDR 8,966.79 trillion and loans of IDR 1,326.90 trillion.

Meanwhile, compared to the position in the first quarter of 2026, debt through the issuance of SBN increased by around IDR 313.9 trillion from the previous IDR 8,652.89 trillion, while loans increased by IDR 59.3 trillion from IDR 1,267.52 trillion.

In terms of realizing the state budget, the government has recorded fiscal financing of Rp. 452 trillion until the end of June 2026 or equivalent to 59.4 percent of the target set in the state budget.

Minister of Finance Purbaya Yudhi Sadewa said that the realization of the financing was supported by debt management that was carried out in a measured manner.

"This realization is supported by financing the management of debt in a measurable manner," he said in a press conference on the results of the III KSSK Periodic Meeting, last week.

For comparison, the government debt ratio at the end of 2025 was at the level of 40.54 percent of GDP.

Purbaya previously stated that the level was still within the safe limit, both based on legal provisions and international standards.

"Regarding the 2025 debt ratio which reached 40.54 percent, the government emphasizes that although the debt ratio has increased, this position is still far below the maximum limit of 60 percent of GDP according to the law so that our state budget remains safe and under control," he explained. at the 25th DPR Plenary Meeting of the V Session of the 2025-2026 Session, Tuesday, July 14.