Debt and Growth

As of September 2020, the government’s debt stood at Rp 5.75 quadrillion. The debt to gross domestic product (GDP) ratio soared to 36.4 percent.

Approximately, 85 percent of the debt came from the government debt papers (SBN) worth Rp 4.89 quadrillion and 15 percent of the debt came from foreign loans. The majority of SBN was in domestic currency, amounting to Rp 3.62 quadrillion, while those in foreign currency denomination were Rp 1.26 quadrillion.