This is a Payment of Government Loan Installments and Interest During Jokowi's Era

Economics & Macro

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Adi Ahdiat 23/05/2023 17:10 WIB

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Based on data from the Ministry of Finance and the Central Government Financial Report (LKPP), the government's debt payments during Jokowi's era ranged from Rp195 trillion to Rp467 trillion per year.

Realization of Principal and Interest Repayment of Indonesian Government Debt (2014-2022)

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Realization of Principal and Interest Repayment of Indonesian Government Debt (2014-2022)

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Former Vice President Jusuf Kalla (JK) stated that President Jokowi's administration pays a very large amount of debt every year.

"Mr. AHY (Agus Harimurti Yudhoyono) mentioned a large debt, and it's true. Every year, the government pays more than Rp1,000 trillion in debt, the largest in Indonesian history since independence," said JK at the 21st PKS Milad in Istora Senayan, Jakarta, Saturday (20/5/2023).

However, based on data from the Ministry of Finance and the Central Government Financial Report (LKPP), the value of government debt payments during Jokowi's era is not that high.

According to the report *APBN Kita: Kaleidoskop 2022*, throughout last year the government paid Rp1.9 trillion in domestic principal debt installments, Rp79.3 trillion in foreign principal debt installments, and Rp386.3 trillion in interest payments.

In total, this amount increased compared to 2021, and it represents the highest debt interest and installment payment since Jokowi took office.

However, the amount is still far from the nominal figure mentioned by JK. As shown in the graph above, in the last nine years of Jokowi's administration, a total of Rp195 trillion to Rp467 trillion per year has been recorded for debt installments and interest payments.

Responding to this issue, Minister of Finance Sri Mulyani claimed that the government has prepared a strategy for sustainable debt repayment.

"Most importantly, the principle is that maturing debts can be paid, and the debt burden remains manageable; that's what constitutes sustainability," said Sri Mulyani, as reported by *Katadata.co.id*, Tuesday (23/5/2023).

Editor : Adi Ahdiat

"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."

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This is a Payment of Government Loan Installments and Interest During Jokowi's Era

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This is a Payment of Government Loan Installments and Interest During Jokowi's Era

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