Indonesia Targets IDR 991.28 Trillion in Debt Financing from Government Securities in 2022 State Budget

The Government of Indonesia is targeting debt financing from Government Securities (SBN) amounting to IDR 991.28 trillion in the 2022 State Revenue and Expenditure Budget Plan (RAPBN). According to the Financial Note delivered by Joko Widodo, President of Indonesia, on the 17th of August 2021, this debt financing target is a slight 0.2% decline compared to the 2021 State Budget outlook of IDR 992.84 trillion.

Why it Matters?

Widodo explained that IDR-denominated SBN instruments would be prioritised in efforts to meet debt financing targets through the issuance of SBN in 2022. The selection of the instrument and tenure of issuance will take into consideration debt management policies, costs of issuing SBN, investor preferences, domestic and global fin...