Kemenkeu: Utang Indonesia Dipastikan Masih Aman dan Terkendali
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00:00 The Ministry of Finance ensures that the Indonesian government's debt is still under control and relatively safer than in several other countries.
00:08 Based on the International Monetary Fund (IMF) projection, Indonesia's debt ratio in 2024 is 38.8% of domestic brutto production.
00:21 The ratio is also lower than India, which has a ratio of 83.7%, Japan has 256.3%, China 87.2% and South Korea 55.9%.
00:34 In his statement, during the media gathering, Kemenkyu was interrupted on Tuesday, September 26,
00:39 the Director of Strategy and Portfolio of Financing, Directorate General of Financing Management and Risk Manager, Riko Amir,
00:47 emphasized that the importance of government debt is not only about the increase in debt, but also the ratio of the debt to GDP.
00:57 Through GDP, it can illustrate the economic ability and economic comparison between countries.
01:02 The Indonesian government continues to try to reduce the debt ratio as part of fiscal consolidation
01:07 through the 2024 Debt Inflation Policy, which promotes debt efficiency, portfolio optimization, and financial market development.
01:17 First, for high debt ratios, we have explained earlier that with the effort to consolidate the fiscal,
01:30 in the future we hope that the debt ratio will decrease.
01:35 If asked when it will reach 30%, our answer is as soon as possible.
01:40 Beyond IMF projections based on Kemenkyu's data, Indonesia's debt per August 2023 amounted to Rp 7,870.35 trillion,
01:51 or an average of 37.84% of Indonesia's GDP.
01:56 Previously, Indonesia's debt ratio increased sharply during the pandemic, which was 30.6% in 2019 to 39.7% in 2020.
02:07 However, as Indonesia's economy recovers, the debt ratio is declining.
02:13 From Cianjur, West Java, Gilanggatut, Taramu Wartagan News Agency.
02:17 Thank you.
02:18 [End of Audio]
02:19 Transcription by ESO; translation by —
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