In a discussion held by Indonesian Association of Alumnus of Indonesian University (Iluni) here on Tuesday, Scenaider delay of priority projects could result in higher cost of implementation in the future.
He said the government spending is for improvement in productivity and quality of the people through investment in human resources, health facility and education.
"Now many people have been free from illiteracy that the quality of human resources has improved," Scenaider said.
He said improved quality of the people would be result in higher productivity that contribute to economic growth.
"In turn it would increase tax revenues that could be used to repay the debts. We think the present tax revenues are safe and would be healthier ahead," Scenaider said.
Based on official record of the Finance Ministry, the government debts by the end of February 2018 reached Rp4,034.8 trillion or 29.2 percent of the country`s GDP.
The debts included Rp3,257.26 trillion in state bonds (80.73 percent) and Rp777.54 trillion in loans (19 percent).
"In the past, the main sources were loan, now is state securities as loans have limitations that could not meet our requirements in development," Scenaider added.
(AS/B003)
(T.SYS/B/H-ASG/B003)
Reporter: SYSTEM
Editor: Heru Purwanto
Copyright © ANTARA 2018
