Jakarta, Indonesia Sentinel — The Ministry of Finance revealed that Indonesia’s central government debt reached Rp9,138.05 trillion rupiah ($570 billion) as of June 2025, equivalent to 39.86% of the country’s gross domestic product (GDP).
Suminto, Director General of Financing and Risk Management at the ministry, said the debt-to-GDP ratio remains at a “safe and moderate” level compared to other nations.
“Our debt-to-GDP ratio at the end of June 2025 stood at 39.86%. It’s relatively low and moderate when compared to many peer countries, neighbors, and even G20 members,” Suminto said on Friday (October 10, 2025).
He explained that Indonesia’s public debt consists of loans and government securities (SBN). As of June 2025, the ratio slightly increased to 39.86%, with total loans amounting to 1,157.18 trillion rupiah and SBN totaling 7,980.87 trillion rupiah.
Of the total loans, foreign loans reached 1,108.17 trillion rupiah, up from 1,099.25 trillion rupiah in May, while domestic loans rose to 49 trillion rupiah from 48.7 trillion rupiah in the same period.
Meanwhile, the value of government securities declined from 8,029.53 trillion rupiah in May to 7,980.87 trillion rupiah in June.
Debt denominated in rupiah continues to dominate, totaling 6,484.12 trillion rupiah, slightly down from 6,524.44 trillion rupiah the previous month. Foreign currency–denominated SBN stood at 1,496.75 trillion rupiah, also lower than 1,505.09 trillion rupiah in May.
“In total, as of June, our outstanding debt stood at 9,138 trillion rupiah, consisting of 1,157 trillion in loans and 7,980.87 trillion in government securities,” Suminto said.
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For comparison, Indonesia’s government debt at the end of December 2024 was 8,813.16 trillion rupiah, comprising 1,087.17 trillion rupiah in loans and 7,725.99 trillion rupiah in government securities, or 39.81% of GDP.
Suminto also announced that starting in 2025, the government will release debt data quarterly instead of monthly to ensure more accurate and credible statistics.
“The goal is to make the data more reliable. The debt-to-GDP ratio will be based on actual GDP figures released quarterly by the national statistics agency, not on assumptions,” he said.
(Raidi/Agung)
