Indonesia to top up bond issuance by IDR15.3tr

• Indonesia plans to raise its bond issuance in 2019 by around IDR15.3tr (SGD1.49bn) to IDR841tr, anticipating a widening of the 2019 fiscal deficit to 1.9% of gross domestic product (GDP), a government official said on 4 Oct 19.
• The government’s current outlook for the 2019 deficit is 1.93% of GDP, already wider than its original target of 1.84%, but officials have said they may allow it to widen further to maintain economic growth if needed amid a tax shortfall.
• The original plan for bond issuance in 2019 was to raise IDR825.7tr from domestic and international sales.

External Link : https://www.businesstimes.com.sg/government-economy/indonesia-to-top-up-bond-issuance-by-153-trillion-rupiah-amid-widening-fiscal