VOI - Voice of Indonesia | RRI - Radio Republik Indonesia

Indonesia’s debt is expected to remain sustainable this year despite a steep increase in the planned issuance of government bonds to finance the country’s widening budget due to a big COVID-19 stimulus check. Asian Development Bank -ADB Indonesia country economist Yurendra Basnett said that the country had entered the COVID-19 crisis with one of the lowest debt-to-gross domestic product (GDP) ratios in the world, while the government’s lower revenue and higher state spending would likely push the ratio higher. The important point is that the increasing debt-to-GDP ratio will still remain at a sustainable level of below 40 percent. Basnett projected that Indonesia's debt-to-GDP ratio would reach 37.8 percent this year//JP