Jakarta (VNA) – The Indonesian government is planning to issue Samurai andEurobond bonds in the second half of 2020 to fund the fiscal deficit,according to a finance ministry official.
There are plans to issue Samurai and Eurobonds in the second half, Deni Ridwan, a director at thefinance ministry, told media in a recent teleconference but he denied to specify the amount and the date of the issuances.
In the first quarter of this year, the country has issuedstate bondsworth 221.4 trillion rupiah (15.7 billion USD), including international bonds.
According to head of the fiscal policy agency at the ministry, Febrio Kacaribu, the COVID-19pandemic created a new deficit of 6.54 percent of the country’s GDP or 1,039trillion rupiah from previously 5.07 percent of the GDP or 852.9 trillionrupiah.
Its economic growth is predicted to be negative 0.4percent with very severe scenarios and 2.3 percent with severe scenarios.
The country’ budget revenue is also predicted to decrease from 1.761 quadrillion rupiah to1.699 quadrillion rupiah and government spending rises from 2.61 quadrillionrupiah to 2.738 quadrillion rupiah to curb the impact of COVID-19 to theeconomy.
The government’s preparedcost to handle the epidemic is 677.20 trillion rupiah while the cost of theNational Economic Recovery Programme withoutentering health posts is 589.65 trillion rupiah, including 220.2 trillionrupiah for stimulus for demand side related to social protection and 384.45trillion rupiah to support the business community.
Based on the proposed 2020 State Budget, Indonesia plansto issue the bonds worth 1.29 quadrillion rupiah and repay themature bond 433.4 trillion rupiah./.
There are plans to issue Samurai and Eurobonds in the second half, Deni Ridwan, a director at thefinance ministry, told media in a recent teleconference but he denied to specify the amount and the date of the issuances.
In the first quarter of this year, the country has issuedstate bondsworth 221.4 trillion rupiah (15.7 billion USD), including international bonds.
According to head of the fiscal policy agency at the ministry, Febrio Kacaribu, the COVID-19pandemic created a new deficit of 6.54 percent of the country’s GDP or 1,039trillion rupiah from previously 5.07 percent of the GDP or 852.9 trillionrupiah.
Its economic growth is predicted to be negative 0.4percent with very severe scenarios and 2.3 percent with severe scenarios.
The country’ budget revenue is also predicted to decrease from 1.761 quadrillion rupiah to1.699 quadrillion rupiah and government spending rises from 2.61 quadrillionrupiah to 2.738 quadrillion rupiah to curb the impact of COVID-19 to theeconomy.
The government’s preparedcost to handle the epidemic is 677.20 trillion rupiah while the cost of theNational Economic Recovery Programme withoutentering health posts is 589.65 trillion rupiah, including 220.2 trillionrupiah for stimulus for demand side related to social protection and 384.45trillion rupiah to support the business community.
Based on the proposed 2020 State Budget, Indonesia plansto issue the bonds worth 1.29 quadrillion rupiah and repay themature bond 433.4 trillion rupiah./.
VNA
