Indonesia Debt Breaks Rp 7,000 Trillion, Economists Call RI Will Not Be Like Sri Rare – TribunNews.com
TRIBUNNEWS.COM JOURNALIST REPORT, SENO TRI SULISTIYONO
TRIBUNNEWS.COM, JAKARTA – Until the end of February 2022, the position of Indonesian Government debt of IDR 7,014.58 trillion or equivalent 40.17 percent of gross domestic product (GDP).
According to our March 2022 State Budget report, there is a surge in total debt government along with the issuance of state securities (SBN) and loan drawdown in February 2022.
However, according to economic observer Piter Abdullah, Indonesias fate is not would be like Sri Lanka which defaulted on its debts.
The Research Director of the Center of Reform on Economics (CORE) said, even though they both have debts, but the current condition of Indonesias debt this is very much different from Sri Lanka.
Indonesia is very careful to maintain the state budget with debt growth that is high maintained every year, the state budget deficit is limited to a maximum of 3 percent of GDP (gross domestic product) every year, except during a pandemic, he said when contacted on Saturday (16/4/2022).
SO INDONESIA IS NOT LIKE SRI LANKA
According to him, Indonesias total debt is still in the safe category because it is below the 60 percent limit of GDP, let alone the economy still provide income for the country in the form of export revenue as well as taxes.
So Indonesias condition cannot be equated with Sri Lanka, he said Peter.
I think the government is too careful in managing debt. The proportion of foreign debt is also getting smaller. This is very good and must be maintained, continued Piter.
Failed to pay
