Indonesia expects to raise IDR989tr from bonds and loans in 2020

  • Indonesia expects to raise IDR989tr from bonds and loans in the remainder of 2020 to fund its swelling budget deficit, Luky Alfirman, the finance ministry’s head of risk and financing department said on 27 May 20.
  • Alfirman made the comment in a weekly call with investors.
  • The government is working on a second revision to the 2020 state budget to accommodate a bigger spending to combat the coronavirus pandemic, which is expected to widen the fiscal deficit to 6.27% of gross domestic product.

External Link : https://www.reuters.com/article/indonesia-economy-budget/indonesia-expects-to-raise-67-bln-from-bonds-and-loans-in-2020-idUSL1N2D90G9

27-May-2020


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