Saturday, September 24, 2022

Luhut: Indonesia’s debt is IDR 7,000 trillion, the smallest in the world

The Coordinating Minister for Maritime Affairs and Investments (Menko Marwes) Luhut Binsar Pandjaitan claimed: that Indonesia’s debt One of the smallest in the world. This information was given on Monday morning at the foundation stone laying ceremony of Serang-Panimbang toll road section 3 Sileless-Panimbang.

“So if people say we have debt, it is true. IDR 7,000 trillion, but debt which is productive debt,” Luhut said while delivering his speech (8/8/2022).

but according to Indonesia’s debt Used for productive area. For example, toll road projects that will contribute to regional and national economic development.

“If this (toll road project) is built, economic nodes will be created and it will pay its own debt. And we are one of the countries that has the world’s smallest debt shut said.

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According to Luhut, Indonesia’s debt ratio is 40–41% of GDP, compared to gross domestic product (GDP). Whereas in many developed countries of the world this proportion reaches almost 100%. On this basis, he described Indonesia’s debt as the smallest debt in the world.

He also said that the government has calculated the return on investment correctly. Therefore, he asked the public not to fall prey to false information.

“So ladies and gentlemen, friends in the regional government, don’t talk weird, don’t listen to things that aren’t obvious. The government knows what we’re doing,” he said.

Some time ago Luhut took a jibe at observers who were being sarcastic in their comments on government debt. He asked observers to compare data with the government regarding Indonesia’s debt.

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