2022 State Budget and Fiscal Incentives Presentation
Disciplined and Advanced Debt Portfolio Management
Prudent Fiscal Deficit
Stable Debt to GDP Ratio Over the Years
IDR Tn
Government Debt / GDP (%) 1,500
10%
8,000.00
41.00% 45%
1,177
8%
39.39%
1,000
7,000.00
40%
6%
6,000.00
27.46%
28.34%
29.40%
29.81% 30.18%
819.86
35%
407
442
446
500
362
358
4%
852.91
30%
5,000.00
24.68%
- 2%
19
14
50
25%
4,000.00
3,000.00
2,000.00
1,000.00
1,931.22
2,410.01
2,780.86
3,248.93
764.48
810.74
746.32
734.85
755.12
3,612.69
4,014.80
5,221.65
6,091.85
4
20%
-58
-69
(20)56)
(66)
(9135)
(36)
- 0%
15%
-298
(500)
(308)
(269)
(341)
(349)
-2%
-1.8%
10%
-2.6%
-2.5%
-2.2%
-2.5%
-4%
5%
(1,000)
(956)
-6%
0%
-6.1%
2014
2015
2016
2017
2018
2019
2020
2021*
(1,500)
-8%
2015
2016
2017
2018
2019
2020
Bond
Loan
Debt to GDP
Weighted Average Debt Maturity of ~8.6 Years
10
9.75
9.5
9.39
9.13
6
8.5
8.68
8.6
8.52
8.5
8.37
IGS Nett
Loan Nett
Non-Debt
Surplus (Deficit] Budget --Ratio Deficit to GDP
Well Diversified Across Different Currencies
% of Yearly Issuance
1%
1%
1%
1%
1%
7%
4%
6%
6%
5%
4%
5%
4%
20%
31%
29%
30%
27%
23%
57%
59%
58%
62%
66%
70%
7.5
2016
2017
2018
2019
2014
2015
2016
2020
2017
2018
2019
2020
Dec-21
2021*
■IDR
USD
EUR
JPY
OTHER
8
Source: Ministry of Finance
90
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