Debts Increased to Boost Development, Says Chief Eonomic Minister

Debts Increased to Boost Development, Says Chief Economic Minister

Jakarta, 5 Ramadan 1438/31 May 2017 (MINA) – Chief economic minister Darmin Nasution said Indonesia’s debts have grown because the government was boosting developmental efforts, Antara News reported.

“They have grown fast because we are seriously boosting development,” he stated here on Tuesday.

Darmin assured that although the country’s debts have reached Rp3,667.41 trillion, their ratio to the GDP is still low compared to that in the developed and other developing countries.

“Indonesias debts are not very big compared to those of other countries. They are still below 30 percent of the GDP. They are still below other countries,” he noted.

Darmin remarked that the government has taken efforts to reduce the portion of debts to boost development by involving private and business entities.

He revealed that through the government-business entities cooperation scheme, the budget burden for infrastructure development would be less.

“The government indeed has taken efforts to ease the burden of the budget. If you see a lot of development for water and toll road using the scheme, its aim is to reduce the burden of the budget,” he pointed out.

The Directorate General of Financing Management and Risks has recorded the country’s debts to have reached Ro3,667.41 trillion until April 2017, up around Rp 17 trillion from Rp3,649.75 in March 2017. (T/RS5/RS1)

Mi’raj Islamic News Agency (MINA)