Government Measures to Mitigate Covid-19 Risk
Disciplined and Sophisticated Debt Portfolio Management
Stable Debt to GDP Ratio Over the Years
Prudent Fiscal Deficit
IDR Tn
Government Debt / GDP (%)
38.68%
500
442
446.3
0.0%
40,36%
407
414.52
6,000
40%
362
252.9
849.6
400
30.23%
-0.5%
5,000
27.43% 28.33%
29.40% 30.10%
35%
300
24.74%
764.5
30%
200
-1.0%
4,000
810.7
25%
746.2
100
3,000
734.8
19
20%
755.1
5,221.7 5,383.6
0
677.6
15%
2,000
3,612.7
3,248.6
4,014.8
-100
-58
10%
-4
-69
(20)
2,410.0
2,780.6
-200
1,000
1,931.2
5%
-300
0
0%
-2.5%
-2.5%
-2.6%298
2014
2015
2016
2017
2018
2019
Bond
Loan
Des
2020*
Debt/GDP Ratio [RHS]
Jan-21*
-400
(308)
14
11111]
-1.5%
-1.8%
(56)
(66)
(9)(35)
-2.0%
-2.2%
-2.5%
(269)
(341)
(349)
-3.0%
2015
2016
2017
2018
2019
GS Nett
Non-Debt
Weighted Average Debt Maturity of ~8.7 Years
Well Diversified Across Different Currencies
Loan Nett
Surplus (Deficit) Budget
9.75
9.39
9.13
2014
2015
Source: Ministry of Finance
% of Yearly Issuance
100%
1%
1%
1%
1%
1%
1%
7%
6%
6%
5%
2%
5%
4%
4%
5%
5%
80%
31%
29%
30%
27%
23%
22%
60%
8.68
8.7
8.52
8.47
40%
8.37
57%
59%
58%
62%
66%
67%
20%
0%
2016
2017
2018
2019
2020
Jan-21
2016
2017
2018
2019
2020
Jan-21
■IDR
USD
EUR
JPY
OTHER
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