Swelling Debt under President Jokowi’s Era

The new debt in 2023 amounted to IDR 407 trillion, reflecting a notable decline of 41.5% compared to the previous year's realization in 2022. Despite this reduction, the overall value of debt during the Jokowi era has substantially increased.

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5 Jan 2024 - 18.30
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Swelling Debt under President Jokowi’s Era

Illustration - National debt.

Bisnis, JAKARTA - In 2023, the government recorded new debt totaling IDR 407 trillion. Despite being substantial, this figure represents a significant decrease of nearly half compared to the debt in the previous year.

Finance Minister Sri Mulyani Indrawati highlighted that government debt financing experienced a notable decline throughout 2023.

According to APBN Kita data January 2024 edition, debt financing for 2023 amounted to IDR 407.0 trillion, marking a significant decrease of 41.5% compared to the previous year's realization.

Sri Mulyani clarified that the initial target for debt financing in 2023 was IDR 696.3 trillion, as outlined in the APBN. However, this figure was later revised to IDR 421.2 trillion through Presidential Decree 75/2023.

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Editor: Yusuf Waluyo Jati
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Swelling Debt under President Jokowi’s Era

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