Over the past year, the government has tried to suppress the issuance of new debt and rebuild fiscal resilience, after the APBN had been deployed to shoulder the impact of the pandemic and the burden of economic recovery.
as of May 31 2023 at IDR 7,787.51 trillion. This amount has decreased compared to the end of April 2023 which reached IDR 7,849.89 trillion.
Over the past year, the government has been trying to curb the issuance of new debt and rebuild fiscal resilience after the state budget was deployed to bear the brunt of the pandemic and the burden of economic recovery, including by increasing debt. Until the end of August 2023, the realization of debt financing is Rp 198 trillion, a decrease of 40 percent compared to the position in August 2022.
because it has an impact on SBN yields, weakening of the rupiah exchange rate, and increasing the cost of debt government.Member of Parliament from the Gerindra Party faction, Wihadi Wiyanto , submitted the draft general view of the Gerindra Party faction regarding the Draft Law on State Revenue and Expenditure Budget 2024 to Finance Minister Sri Mulyani Indrawati in a plenary meeting at the Parliament Building, Jakarta, on Tuesday .
Head of Bank Permata's Economists, Josua Pardede, evaluates that the government's debt management has been well-maintained thus far. This is also reflected in the performance of the state budget, which can still show a surplus until August 2023, indicating that the debt condition can be significantly controlled even as the year is coming to an end.
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