The government has paid Rp494 trillion in debt interest through October 2026, and most of it flowed to holders of debt securities within the country.

Breakdown of interest payments

Finance Ministry Director General of Financing and Risk Management, Suminto, said most of the debt interest paid was meant for domestic bondholders. "Realized interest spending as of 31 October was Rp494 trillion," he said at the Finance Ministry headquarters in Jakarta on Friday (13/11/2026).

Of total interest payments through October 2026, Rp458.4 trillion was for holders of debt securities within the country. Interest for foreign holders was only Rp35.6 trillion.

Benefits for the domestic economy

"This means that domestic interest spending will add liquidity to the financial sector and become a resource for economic activity," Suminto said. In his view, this benefits the domestic economy because it is enjoyed by individual and institutional investors.

Government debt position

As of the end of the third quarter of 2026, government debt stood at Rp10,326.93 trillion, equal to 40.40% of gross domestic product (GDP). Most of it was in government securities (SBN) at Rp8,962.4 trillion, and the rest in loans at Rp1,364.53 trillion.

Sources

• RI Bayar Bunga Utang Rp 494 T, Mayoritas Buat Bond Holder Dalam Negeri — CNBC Indonesia (Robertus Andrianto), 13 November 2026 14:30 WIB. https://www.cnbcindonesia.com/market/20261113124629-17-784975/ri-bayar-bunga-utang-rp-494-t-mayoritas-buat-bond-holder-dalam-negeri