Fajarasia.id – The Indonesian government announced that it has secured Rp570.1 trillion in new debt as of October 2025. This figure represents 77.94 percent of the annual debt target of Rp731.5 trillion, as recorded in the 2025 mid-year budget report.
Fiscal Discipline Remains a Priority Deputy Minister of Finance Suahasil Nazara emphasized that the state budget financing continues to be managed with prudence, flexibility, and strict fiscal discipline.
“The 2025 state budget financing is carried out with prudence, flexibility, and discipline within safe limits,” Suahasil stated during the November edition of the APBN KiTa press conference.
Deficit Covered by Debt and SAL The Rp731.5 trillion debt target is intended to cover the projected 2.78 percent budget deficit relative to GDP. In addition, the government is utilizing Saldo Anggaran Lebih (SAL), or excess budget balance, amounting to Rp85.6 trillion to reduce the need for issuing government securities (SBN).
“The government has received approval from Parliament to use Rp85.6 trillion in SAL to ease SBN issuance in 2025,” Suahasil added.
Risk Mitigation Measures To ensure debt management remains on track, the government has implemented several risk mitigation strategies, including:
- Prefunding for future financing needs
- Maintaining adequate cash buffers
- Applying active cash and debt management practices
Budget Deficit Update Finance Minister Purbaya Yudhi Sadewa reported that as of October 31, 2025, the state budget recorded a deficit of Rp479.7 trillion, equivalent to 2.02 percent of GDP.
Policy Significance The government’s debt strategy reflects its effort to maintain fiscal stability amid substantial financing needs. By combining new debt issuance with the use of SAL, Indonesia aims to balance fiscal sustainability with continued support for national development programs.***
