DIGIVESTASI - Minister of Finance, Sri Mulyani Indrawati, has spoken about the public's concerns about the condition of Indonesia's sovereign debt. Sri Mulyani emphasized that government debt is still in a safe condition.

"SBN is 87.9% of total government debt compared to loans which are only 12.1%. By using SBN, there is no big problem,” said Sri Mulyani in a working meeting with Commission XI of the House of Representatives, Thursday, June 6, 2024.

Sri Mulyani emphasized that debt maturity is not a problem as long as perceptions of the state budget, economic conditions, and Indonesia's political situation remain stable.

“If this country remains credible, the state budget is good, economic conditions are good, and the political situation is stable, then the risk of revolving is very small,” Sri Mulyani explained.

Currently, government debt reached Rp8,338 trillion as of April 2024, up from Rp8,262 trillion in the previous month.

The relatively good debt position is also reflected in the ratio of debt to Gross Domestic Product (GDP). As of April 2024, Indonesia's debt-to-GDP ratio was recorded at 36.5%, equivalent to IDR8,338 trillion of the GDP that reached IDR22,830 trillion.

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