Government Debt Reaches Rp6.527 Trillion in April 2021

The Ministry of Finance (Kemenkeu) recorded government debt reaching Rp 6,527.29 trillion in April 2021. This figure is equivalent to 41.18% of the Gross Domestic Product (GDP).

Government debt is dominated by domestic state securities (SBN), amounting to Rp 4,392.96 trillion. The details are: Rp 3,577.61 trillion in domestic state bonds and Rp 815.35 trillion in state sharia securities.

Meanwhile, foreign currency (valas) SBN was recorded at Rp 1,268.58 trillion in April 2021. The details are: Rp 1,023.6 trillion in foreign currency state bonds and Rp 244.98 trillion in a combination of foreign currency state bonds and state sharia securities.

In addition, there is government debt in the form of loans amounting to Rp 865.74 trillion. Loans from abroad reached Rp 853.42 trillion, while domestic loans amounted to Rp 12.32 trillion.

According to Kemenkeu, government debt is needed as a source of financing to support economic recovery during the Covid-19 coronavirus pandemic. Moreover, state revenue is under pressure due to the slowing national economy. Government spending needs have also increased to handle the impact of the pandemic.