Republic of Indonesia's Government Debt Exceeds IDR 7.879.07 Trillion at the End of March 2023, This Is What the Ministry of Finance Says

Illustration. (Photo: Doc. Antara)

JAKARTA - The Indonesian government's debt reached IDR 7.879.07 trillion at the end of March 2023. Compared to last month, the government's debt increased by IDR 17.39 trillion from the previous IDR 7.861.69 trillion.

With this increase in debt, the debt-to-GDP ratio is 39.17 percent

Based on the debt limit stipulated through Law Number 17 of 2003 concerning State Finance which is 60 percent of GDP, the government's debt is within safe and controllable limits.

"The government always manages debt prudently with controlled risks through an optimal composition, both in terms of currency, interest rates, and maturity," wrote a statement from the Ministry of Finance based on data from our state budget, quoted Thursday, April 27.

As for data as of March 31, 2023, the composition of the government's debt reached IDR 7.879.07 trillion, consisting of 89.02 percent of state securities (SBN) and 10.98 percent of loans.