Having 'Rich People' Worth Rp. 11,000 Trillion, the Reason Sri Mulyani Is Sure Indonesia's Debt Of Rp. 6,000 Trillion Can Be Paid Off?
Finance Minister Sri Mulyani believes the government's debt of Rp 6,000 trillion can be paid and repaid.
It was recorded that the government's debt reached IDR 6,713.24 trillion until the end of November 2021.
This debt has a ratio of 39.84% to gross domestic product (GDP). The debt of Rp. 6,713 trillion consisted of the issuance of Rp. 5,889.73 trillion of state securities (SBN) and Rp. 823.51 trillion of loans.
Then how does Sri Mulyani pay off her Rp 6,000 trillion debt? If referring to Sri Mulyani's statement last week, Sri Mulyani believes the government can pay off debts but the realization of state spending must also be managed properly by creating positive economic growth.
"If we spend well, it becomes a good infrastructure, so quality human resources (HR) will make Indonesia's economy grow well, so we can repay the debt, including this SBSN, God willing, it can be paid safely," he said in a virtual video, Wednesday. January 5, 2022. However, Sri Mulyani once said that she had the richest Indonesian version of herself. Not Djarum's boss, his version of Indonesia's richest person is Director General of State Assets Ronald Silaban.
The value of Rionald Silaban's 'wealth' is calculated based on state assets.
Indonesia's wealth based on asset value reached IDR 11,098.67 trillion throughout 2020. This wealth increased compared to 2019 which was IDR 10,467.53 trillion.
According to data, the Directorate General of State Assets (DJKN) of the Ministry of Finance (Kemenkeu) accounted for an increase in state assets of 6.02%.
Director-General of State Assets Rionald Silaban said the value of this asset was seen from the side of the balance sheet of state revenue sources.
"The increase in the value of our state assets is more than Rp. 4,000 trillion, this is the side of the balance that is not discussed because what is often seen is the source of income," said Rionald Silaban. Previously, Coordinating Minister for Maritime Affairs and Investment (Menkomarves) Luhut Binsar Pandjaitan also talked about Indonesia's debt reaching IDR 6,000 trillion.
According to him, government debt is still in a productive state with a normal debt ratio below 60% of gross domestic product (GDP).
“Those (debts) are strategic government projects, they are carried out everywhere. So if our debt is IDR 6,000 trillion as long as it is productive debt and can build it and the people enjoy it and we can pay it back, why is it a problem?" Coordinating Minister Luhut said in a virtual webinar quoted on Thursday (12/16/2021).
Coordinating Minister Luhut said that the debt money was being maximized and used according to the needs of the Indonesian people. "So, for example, if someone criticizes it, it's a huge debt. Criticize the government with clear data, so you don't misunderstand and don't make bad news or news," he explained. .000 trillion can be paid. But there is a condition.
Sri Mulyani explained, the government can pay debts but the realization of state spending must also be managed properly by creating positive economic growth. I can repay the debt, including this SBSN, God willing, it can be safely repaid," he said in a virtual video, Wednesday (5/1/2022). with a ratio of 39.84% to gross domestic product (GDP).
The debt of IDR 6,713 trillion consists of issuance of state securities (SBN) of IDR 5,889.73 trillion and loans of IDR 823,51 trillion. For this reason, the government will continue to provide understanding to the public regarding debt financing. If you have a good understanding, people will also be more obedient in paying taxes.
"People often hear that the state debt is already IDR 6,000 trillion. But they don't see the balance sheet, there are state revenues and expenditures that can be enjoyed by the community, such as social assistance, personnel expenditures such as salaries for central and regional ASN employees, and allowances," said Sri Mulyani. Finance Minister Sri Mulyani opened up about the state debt which reached approximately Rp. 6,000 trillion. So far, the public has only seen the debt figure of Rp. 6,000 trillion but did not see the benefits of the debt.
"People often hear that the state debt is already IDR 6,000 trillion," Sri Mulyani said in a virtual video, Wednesday (5/1/2022).
Sri Mulyani added, the public should be able to see the whole of debt financing. In the preparation of the APBN, one of the sources of financing apart from state revenues comes from taxes, but also debt. This debt is what benefits the community, such as social assistance to civil servants' salaries.
"But they don't see the balance sheet, there are state revenues and expenditures that can be enjoyed by the community, such as social assistance, personnel expenditures such as salaries for central and regional ASN employees and allowances," said Sri Mulyani.