Primary Balance Deficit Reaches Rp 25.1 Trillion by July 2019
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The primary balance deficit in the January-July 2019 period swelled to Rp 25.1 trillion. This figure represents a 445.7% increase from the same period last year, which recorded a deficit of Rp 4.6 trillion. The surge in the primary balance deficit indicates a rise in government borrowing to pay maturing debt interest.
Meanwhile, during January-July 2017, the primary balance deficit decreased by 43.6% from Rp 140.5 trillion in January-July 2016 to Rp 79.2 trillion. In the following year, the primary balance deficit also further decreased by 94.19%. For information, the primary balance deficit in the 2019 State Budget (APBN) was targeted at Rp 20.1 trillion.
"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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