The ministry assessed that the debt-to-GDP ratio remains at a safe and moderate level compared to many other countries, both regionally and within the G20 group.
Director General of Financing and Risk Management at the Ministry of Finance, Suminto, stated that the 39.86 percent ratio reflects a well-managed national fiscal position.
“Our debt-to-GDP ratio at the end of June 2025 is 39.86 percent, a relatively low and moderate level compared to many countries, both peer groups, neighboring nations, and G20 members,” he said during a media briefing in Bogor on Friday.
For comparison, government debt as of December 2024 stood at Rp8,813.16 trillion, or 39.81 percent of GDP, consisting of Rp1,087.17 trillion in loans and Rp7,725.99 trillion in government securities (SBN). By June 2025, total debt slightly increased to Rp9,138.05 trillion, comprising Rp1,157.18 trillion in loans and Rp7,980.87 trillion in SBN.
Government loans consisted of Rp1,108.17 trillion in foreign loans, up from Rp1,099.25 trillion in May 2025, and Rp49 trillion in domestic loans, slightly higher than Rp48.7 trillion in the previous month.
Meanwhile, the portion of SBN decreased from Rp8,029.53 trillion in May to Rp7,980.87 trillion in June 2025.
Rupiah-denominated SBN remained dominant at Rp6,484.12 trillion, down from Rp6,524.44 trillion previously.
Foreign currency-denominated SBN amounted to Rp1,496.75 trillion, slightly lower than Rp1,505.09 trillion in May.
Suminto confirmed that the total outstanding debt as of June 2025 reached Rp9,138 trillion, consisting of Rp1,157 trillion in loans and Rp7,980.87 trillion in SBN. He also announced that starting in 2025, the government will shift from monthly to quarterly publication of debt statistics.
The new policy aims to enhance data credibility by aligning debt reporting with quarterly GDP releases from Statistics Indonesia (BPS).
“The goal is to make the statistics more credible, so that the debt-to-GDP ratio is based on actual realization rather than assumptions. The ratio will now be published every three months,” Suminto said.
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Translator: Bayu Saputra, Primayanti
Editor: M Razi Rahman
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