Inflation Control and Financial Facilities Strategy
Disciplined and Sophisticated Debt Portfolio Management
Stable Debt to GDP Ratio Over the Years
Prudent Fiscal Deficit
IDR Tn
Government Debt / GDP (%)
37.84%
500
442
446.3
0.0%
6,000.0
40.00%
407
414.52
362
30.18% 848.9
400
35.00%
5,000.0
29.40% 29.81%
-0.5%
27.43% 28.33%
300
30.00%
24.74%
764.5
4,000.0
810.7
746.2
25.00%
200
-1.0%
734.8
3,000.0
2,000.0
20.00%
100
755.1
19
5,028.9
677.6
1,000.0
1,931.2
2,410.0 2,780.6
3,248.6 3,612.7 4,014.8
15.00%
0
10.00%
-100
-58
-4
-69
(20)
(56)
5.00%
-200
0.00%
-300
2014
2015
2016
2017
2018
-2.5%
2019
Oct-20 *)
-2.5%
-2.6%298
-400
(308)
14
117111
-1.5%
-1.8%
(66)
(9)(35)
-2.0%
-2.2%
-2.5%
(269)
(341)
(349)
-3.0%
Bond
Loan
Debt/GDP Ratio [RHS]
2015
2016
2017
2018
2019
Note: *) as of end of December 2019,
**) Preliminary number using GDP assumption
Weighted Average Debt Maturity of ~8.55 Years
GS Nett
Non-Debt
Well Diversified Across Different Currencies
Loan Nett
Surplus (Deficit) Budget
9.39
9.13
8.68
% of Yearly Issuance
100%
1%
1%
1%
1%
1%
7%
4%
8%
6%
6%
5%
5%
4%
5%
5%
80%
31%
29%
30%
27%
24%
60%
8.52
8.55
8.37
40%
57%
59%
58%
62%
65%
20%
2015
2016
2017
2018
2019
Oct-20
0%
2016
2017
2018
2019
Oct-20
Source: Ministry of Finance
IDR
USD
EUR
JPY
OTHER
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