Indonesia’s Public Debt Tops $550 Billion but Remains Safe, Says Finance Minister
Jakarta. Finance Minister Purbaya Yudhi Sadewa said on Tuesday that the country’s public debt of Rp 9,138 trillion ($550.8 billion) remains at a safe and manageable level, representing 39.86 percent of gross domestic product (GDP).
He noted that the figure remains well below the 60 percent debt-to-GDP threshold set by the Maastricht Treaty, an international benchmark for fiscal prudence.
“So even by the strictest international standards, we are still prudent,” Purbaya said during a meeting with economists in Jakarta.
Purbaya added that Indonesia’s fiscal deficit is also within the Maastricht limit of 3 percent of GDP. As of September 2025, the country’s deficit stood at Rp 371.5 trillion, or 1.56 percent of GDP.
He stressed that the government will continue to ensure state spending remains below the three-percent deficit ceiling to maintain fiscal stability.
According to Finance Ministry data, Indonesia’s total debt as of June 2025 reached Rp 9,138 trillion, consisting of Rp 7,980.87 trillion in government securities (SBN) and Rp 1,157 trillion in loans.
Approximately 71 percent of the country’s debt is denominated in rupiah (around Rp 6,554 trillion), while 29 percent is held in foreign currencies, mostly in US dollars.
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