Indonesia's Government Debt Ratio and State Budget Deficit Target 2025-2029

Economics & Macro

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Adi Ahdiat 13/08/2025 19:50 WIB

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In the Indonesia's 2025-2029 Medium-Term Development Plan (RPJMN), the government aims to maintain a stable, even decreasing, ratio of government debt and budget deficit over the next five years.

Indonesia's Government Debt-to-GDP Ratio and State Budget Deficit-to-GDP Ratio in the 2025-2029 National Medium-Term Development Plan (RPJMN)

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Indonesia's Government Debt-to-GDP Ratio and State Budget Deficit-to-GDP Ratio in the 2025-2029 National Medium-Term Development Plan (RPJMN)

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Indonesia's State Budget (APBN) has consistently run a deficit over the past decade.

To cover this deficit, the government has taken on debt annually to meet APBN needs.

In the 2025-2029 National Medium-Term Development Plan (RPJMN), the government aims to maintain a stable, even decreasing, ratio of government debt and APBN deficit over the next five years.

According to the RPJMN, the government debt ratio is projected to reach 39.15% of Gross Domestic Product (GDP) in 2025. By 2029, it is targeted to decrease to a range of 39.01% to 39.10% of GDP.

The RPJMN also projects the APBN deficit ratio to reach 2.53% of GDP in 2025. By 2029, this is targeted to decrease to a range of 2.45% to 2.50% of GDP.

The government has prepared several strategies to achieve these targets, including optimizing state spending and implementing productive fiscal policies.

"Optimization of state spending will be achieved through improving the quality of state spending (spending better), strengthening productive and countercyclical spending to accelerate public investment," as quoted from the RPJMN 2025-2029.

"In order to realize productive fiscal policies, state spending will be directed towards infrastructure, education and health, as well as research and innovation to prepare Indonesia for the challenges of future industries," it continues.

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."