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Jakarta, CNN Indonesia –
Ministry of Finance (Ministry of Finance) opens its voice on the report world Bank (World Bank) which includes Indonesia in the list of 10 countries with external debt (ULN) is the largest number of low- and middle-income countries. The report, titled International Debt Statistics 2021, is released this week.
The head of the Office of Information and Communication Services of the Ministry of Finance, Rahayu Puspasari, pointed out that the World Bank report was inaccurate. This is because this international economic and financial institution uses Indonesia’s external debt database to compare the amount of external debt of other countries in the low- and middle-income category.
In fact, the data on Indonesia’s external debt not only includes debt originated by the government, but also by the Bank of Indonesia (BI), BUMN and the private sector. External debt data used refer to BI’s Statistics on Indonesia’s External Debt (SULNI).
“It should be noted that the World Bank IDS release data is based on SULNI data. The government has repeatedly explained that external external debt data in SULNI not only consists of government external debt, but includes BI, BUMN and private external debt data, “Rahayu said in an official statement. Wednesday (10/14).
Meanwhile, according to data on Indonesia’s external debt at the end of 2019, the total central government debt amounted to $ 199.88 billion or 49 percent of Indonesia’s total external debt. According to Rahayu, the share is still smaller than other countries on the list.
“Compared to the 10 countries mentioned in various articles reported yesterday by the media, most of the government debt is above 50 percent, while Indonesia’s position is well below it,” he said. .
 Infographic RI ranks the 7 countries with the highest debt. (CNN Indonesia / Basith Subastian) |
Furthermore, Indonesia’s debt is generally long-term, around 88.8 percent of total external debt. It claims that this is because the government manages the debt with prudential and responsible principles.
In addition, it gave a sign of the reasonableness of Indonesia’s high external debt because it was included in the ranks of the G20 countries, also known as the country with the largest economy in the world. Indonesia itself is ranked 16th.
“Indonesia’s debt between these countries is considered large because the Indonesian economy is in the G20 group of countries at number 16. With a large economy, public debt (without BUMN and the private sector) is relatively low , that is, 29.8 percent in December 2019, “he said.
Previously, the World Bank announced a list of countries with the highest external debt in the ranks of low- and middle-income countries. They are Argentina, Brazil, India, Mexico, South Africa, Thailand, Turkey, Indonesia and Russia.
Indonesia’s total external debt alone reached $ 402.08 billion in 2019. In total, the external debt of low- and middle-income countries reached $ 8.1 trillion in 2019, an increase of 5.4 percent. percent compared to 2018.
(uli / agt)
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