How Much Does the Government Pay in Debt Interest?

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07/12/2018 16:35 WIB

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The Indonesian government paid Rp 251.1 trillion in debt interest during the January-November 2018 period.

Government Debt Interest Payments (2017-2018)

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Government Debt Interest Payments (2017-2018)

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The Indonesian government paid Rp 251.1 trillion in interest on its debt from January to November 2018, a 19.3% increase compared to the same period the previous year. This interest payment realization reached 105.2% of the target in the 2018 State Budget, exceeding the planned amount.

Government interest payments for the January-November period this year amounted to 20.49% of total government spending of Rp 1,225.3 trillion. In the first eleven months of the previous year, this figure reached 20.09% of total spending.

For information, the government's debt based on the 2018 outlook reached Rp 4,429 trillion, or approximately 29.9% of the national Gross Domestic Product (GDP). It is projected to increase to Rp 5,269 trillion in 2019, or about 32.6% of GDP.

"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."