Investor Presentaiton
Disciplined and Sophisticated Debt Portfolio Management
Stable Debt to GDP Ratio Over the Years
Prudent Fiscal Deficit
IDR Tn
6,000.0
Government Debt / GDP (%)
38.13% 40.00%
500
442
446.3
0.0%
407
414.52
5,000.0
4,000.0
3,000.0
2,000.0
27.43% 28.33% 29.40% 29.81%
30.18% 825.6
362
35.00%
400
-0.5%
24.74%
764.5
30.00%
300
810.7
746.2
25.00% 200
-1.0%
734.8
20.00%
755.1
100
5,085.0
19
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
5.00%
-200
0.00%
2014 2015
2016
2017
2018
2019 Nov-20
*)
-300
-2.5%
-2.5%
-2.6%298
-400
(308)
2015
2016
2017
-1.8%
14
11111
2018
(269)
-1.5%
(9)(35)
-2.0%
-2.2%
-2.5%
(341)
(349)
-3.0%
2019
Bond
Loan
Debt/GDP Ratio [RHS]
Note: *) as of end of December 2019,
**) Preliminary number using GDP assumption
Weighted Average Debt Maturity of ~8.58 Years
GS Nett
Non-Debt
Loan Nett
Well Diversified Across Different Currencies
Surplus (Deficit) Budget
9.6
9.39
9.4
9.13
9.2
9
8.8
8.6
8.4
8.2
8
7.8
2015
% of Yearly Issuance
100%
1%
1%
1%
1%
1%
ATM
7%
6%
4%
9%
50%
5%
5%
80%
31%
29%
30%
27%
23%
60%
8.68
8.58
8.52
40%
8.37
57%
59%
58%
62%
66%
20%
0%
2016
2017
2018
2019
Nov-20
2016
2017
2018
2019
Nov-20
Source: Ministry of Finance
■IDR
USD
EUR
■ JPY
■ OTHER
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