Government Prepares Plan to Cover 2021 Deficit

Wednesday, 10 March 2021

The Directorate of Funding and Risk Management (DJPPR) of the Minister of Finance stated that the government has prepared plans to counter the deficit of Rp1,006.4 trillion or 5.7% of the Gross Domestic Product in 2021. The government will issue a government bond (Surat Berharga Negara) aimed at obtaining Rp70 trillion to Rp80 trillion. It will also obtain Rp2.7 trillion from the national debt, US$2 billion from project-based foreign loans and up to US$5 billion program-based foreign loans.

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