Sri Mulyani Ensures RI Fate Unlike Sri Lanka, Calls Debt Withdrawal Shrinkage 55.6 Percent
JAKARTA, KOMPAS.COM – Minister of Finance (Menkeu) Sri Mulyani Indrawati reported, the withdrawal of debt until March 2022 has decreased by 55.6 percent.
The amount of debt withdrawn decreased to Rp 149.6 trillion. Portion amounting to 15.4 percent of the 2022 APBN target of IDR 973.6 trillion. Meanwhile, in the same period last year, debt financing reached Rp 336.9 trillion or grew by 290.3 percent (yoy).
The issuance of debt securities until March actually decreased which very drastic. Thats because the states revenue is getting stronger, expenditure is controlled, then the deficit and financing experience decrease, 55.6 percent, said Sri Mulyani at a press conference on the state budget WE, Wednesday (20/4/2022).
This state treasurer detailed that the decline in debt occurred because SBN issuance and net borrowing decreased. Noted, the issuance of SBN decreased by IDR 60.4 percent from IDR 337.2 trillion in March 2021 to Rp 133.6 trillion.
The portion of this issuance is 13.5 percent of the target of Rp. 991.3 trillion. Meanwhile, net loans realized Rp 16 trillion.
TO NOT BROKE LIKE SRI LANKA?
THE CONDITIONS OF THE STATE BUDGET OF THE REPUBLIC OF INDONESIA IS DIFFERENT FROM SRI LANKA
This woman who is affectionately called Ani then mentions the state of the state budget Indonesia is different from Sri Lanka which has defaulted on its external debt country.
In this case, we see that the condition of the Indonesian state budget is very different with the situation faced by a country like Sri Lanka. By Therefore, we will continue to guard carefully, he said.
The former Managing Director of the World Bank said that the shrinkage debt withdrawal occurs due to an adjustment in the anticipation strategy fluctuating financial markets and sufficient cash conditions.
PER FEBRUARY 2022
Just so you know, world inflation rate, geopolitical conditions Russia-Ukraine, and the outflow of foreign capital due to normalization monetary policy adds to the risk in financial markets. This makes issuance of debt is riskier in the long run.
We have created the resilience of our APBN with good cash conditions enough. Volatile financial markets should not be forced to do financing for the state budget. This is the right strategy. With Thus, the APBN gets a good reputation and credibility, obviously he.
INVESTMENT GRADE, STABLE PROSPECT
