Primary Balance Deficit Widened in the First Half of 2019
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The Ministry of Finance released a report on the State Budget (APBN) for the first half of 2019, recording a primary balance deficit of Rp 977.2 billion. This indicates that the government paid off maturing debt interest by borrowing funds again because the available budget was insufficient to cover these interest payments.
Furthermore, this primary balance deficit in the first half of 2019 contrasts sharply with the condition in the first half of 2018, which recorded a surplus of up to Rp 10 trillion. The primary balance surplus indicated that sufficient funds were available to pay debt interest.
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