Jakarta (Antara Bali) - The Indonesian government's debt has reached Rp1,994.14 trillion, as of May 31, 2012, compared with Rp1,803.49 trillion a year earlier, according to the Finance Ministry.
"The 2012 debt consists of foreign debts worth Rp639.88 trillion, domestic debts worth Rp1.15 trillion, and state debt securities worth Rp1,304.26 trillion," the ministry's director of debt strategy and portfolio, Scenaider CH Siahaan said here on Friday.
However, he added, the government's debts were well managed, with the debt-to-gross domestic product (GDP) ratio reaching 24 percent, which was one of the lowest among developed and developing nations.
"The ratio indicates that Indonesia still has the capability to meet its obligations to creditors," Scenaider stated.
Director General of Debt Management at the Finance Ministry Rahmat Waluyanto said the government's foreign debts had continued to reduce over the past six years, while the total amount of state bonds issued during the same period had been increasing.
"The rupiah-denominated debt securities issued until May 2012 reached Rp1,057.52 trillion, compared with Rp992.03 trillion a year earlier," he pointed out.(IGT)
