[ad_1]
Jakarta – The Ministry of Finance indicates that China's debt is Rs 22 trillion, or only 0.5% of the total public debt for 2018.
At the end of December 2018, it was registered at Rs 4,418.30 billion. The amount of debt is equal to 29.98% of total GDP, based on temporary data of 14,735.85 billion rupees.
"By the end of 2018, government loans to China accounted for about 22 trillion rupees, or 0.50 percent of the total public debt," said Nufransa during a contact with detikFinance, Jakarta, on Monday (03 / 11/2019).
According to Nufransa, the public does not need to worry about videos about Chinese debt traps or the Chinese money trap. In the video, it was reported that China had made large loans to countries, including Indonesia, to strengthen its country by taking badets for those who could not afford to pay.
Indonesia's little debt to China is nothing to worry about. In addition, said Nufransa, the government manages the debt with the precautionary principle.
"The proportion is very small compared to the total public debt," he said.
According to Nufransa, China's debt can still be repaid by the government according to the schedule of deadlines.
"Government loans do not mature at once, but payments are repaid within a certain time, so as not to burden the state's finances," he said.
"The government also has the capacity to repay the debts, the payments being budgeted every year in the APBN," he added.
For information, public debt until January 2019 reached Rs.4,498.56 billion with a debt-to-GDP ratio of 30.1%. Central government debt is higher than the January 2011 position of Rs 3,958.66 billion, an increase of Rs 539 billion. Compared to the December 2018 position, the debt increased by Rs 80.2 billion to Rs 4 418.30 billion. (hek / adn)
Source link
