Indonesia's public debt - as a percentage of the nation's gross domestic product (GDP) - currently stands at 27 percent, or roughly IDR 3,200 trillion (approx. USD $241 billion). This debt is manageable and actually quite low compared to other key emerging economies or advanced economies. For example, Malaysia's and Brazil's public debt-to-GDP ratios reached 56 percent and 70 percent, respectively. Meanwhile, the ratios of the USA and Japan stand at 105 percent and 246 percent, respectively. However, the level of debt is not that important. The important question is how is this debt used?
Update COVID-19 in Indonesia: 1,298,608 confirmed infections, 35,014 deaths (23 February 2021)
23 February 2021 (closed)
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