The government of Indonesia has expressed its concern about rising foreign debt. Indonesian President Joko Widodo summoned Chief Economics Minister Darmin Nasution for a meeting to express his concern about the issue. In particular the high degree of foreign ownership of Indonesian securities needs attention as foreign ownership of government bonds has reached a new record high. Therefore, analysts say Indonesia needs to optimize government revenue (for example by reforming the nation's tax system) rather than depend on loans and bonds.
Update COVID-19 in Indonesia: 1,298,608 confirmed infections, 35,014 deaths (23 February 2021)
23 February 2021 (closed)
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