COVID-19 Response: Government Increases Debt Financing

Yosepha Pusparisa 16/04/2020 16:04 WIB

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The government increased the budget to Rp 852.9 trillion due to Covid-19. This figure is Rp 545.7 trillion higher than the 2020 State Budget. The government also added Rp 449.9 trillion in debt speci

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COVID-19 Response: Government Increases Debt Financing

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Budget Financing (2020)

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The government projects an increase in budget financing to Rp 852.9 trillion due to the impact of the Covid-19 pandemic. This figure is up Rp 545.7 trillion from the 2020 State Budget (APBN).

Debt financing is estimated to increase by Rp 654.5 trillion to Rp 1,006.4 trillion. This increase in debt financing includes a planned pandemic bond financing of Rp 449.9 trillion.

Government investment financing has also increased, from a negative Rp 74.2 trillion to a negative Rp 229.3 trillion. The government details that this investment financing includes financing to support the National Economic Recovery Program worth Rp 150 trillion. In addition, there is also an additional Rp 18.6 trillion in education financing to meet the 20% education budget allocation.

Editor : Safrezi Fitra

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."