Government Debt Rises, Debt-to-GDP Ratio at 30.2%

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Dwi Hadya Jayani 21/02/2020 13:06 WIB

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Government debt totaled Rp 4,817 trillion by January 2020, a 7% increase compared to the same period last year.

Government Debt Position and Debt-to-GDP Ratio

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Government Debt Rises, Debt-to-GDP Ratio at 30.2%

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Government Debt Position and Debt-to-GDP Ratio

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Government debt at the end of January 2020 reached Rp 4,817.55 trillion. This figure increased by 0.8% from its position in December 2019. Compared to the same period last year, it increased by 7%. The APBN KiTa report states that this debt increase was due to an increase in debt from SBN (State Bonds) and domestic loans.

The debt-to-Gross Domestic Product (GDP) ratio also increased to 30.21%, assuming a per capita GDP at the end of January of Rp 15,944.78. Despite the increase, the Ministry of Finance considers this debt position to still be within the safe limit of 60% of GDP, especially amidst global economic uncertainty.

Editor : Aria W. Yudhistira

"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."