Indonesia's Government Debt Drawdown Reaches Rp614.9 Trillion by November 2025

Careful Fiscal Management Continues

The Indonesian government, through the Ministry of Finance, has drawn Rp614.9 trillion in new debt by the end of November 2025. This amount represents 84.06% of the annual target set at Rp731.5 trillion for the fiscal year. The borrowing is part of the government's careful fiscal management strategy to finance the 2025 State Budget (APBN).

Deficit Management on Track

Vice Finance Minister Suahasil Nazara emphasized that the debt drawdown remains within the prudent fiscal management framework to cover the budget deficit. The APBN deficit stood at 2.35% of GDP by the end of November, which is within the planned trajectory. The government projects that the deficit will be maintained at a maximum of 2.78% of GDP for the full year 2025, aligning with the initial budget design.

Fiscal Policy Outlook

Suahasil Nazara highlighted that the current deficit trajectory is on track with the APBN design. The government's cautious approach to borrowing and deficit management reflects its commitment to maintaining fiscal sustainability while supporting economic growth. The Ministry's careful monitoring of fiscal indicators will continue to guide policy decisions throughout the remainder of the year.