Government Assures Debts Used Prudently

U.S. Treasury Secretary Steven Mnuchin (C) chats with Indonesia’s Finance Minister Sri Mulyani Indrawati.

Jakarta, MINA – Finance Minister Sri Mulyani has said that the government`s debts are used prudently in line with the principles of good budget management so far.

“To those who have called on the government to be careful in using debts, I can assure that their demand has been what the government has always done so far,” Antara News quoted the minsiter as saying in a press statement received here on Friday evening.

She said debts were used as part of budget management in stages and very carefully with regard to preventing possible shock on the economic engine that may slow it down.

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Debts and tax revenues are fiscal policy instruments used by the government to improve infrastructure, education, health or social security, she said.

She said there is nothing to worry about with regard to current debt because it is well managed to remain below the level allowed by the law.

“Mere focusing on its amount while neglecting the big context and the government`s policy would be incomplete and even misleading,” she said.

Sri Mulyani said it was important to put the issue in the right context so that people or political elites would not become hysteric and worry too much to make them unproductive.

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“It would be different if it is what they have intended to always raise the issue to make people uneasy, threatened and panic for certain political gains,” she said.

Sri Mulyani said the destructive political efforts really ran counter to the spirit of building a good democracy. (T/RS5/RS1)

Mi’raj Islamic News Agency (MINA)