KONTAN.CO.ID - Finance Minister Sri Mulyani has said the government will continue to reduce its dependency on foreign debt, which is still needed to cover the deficit in the state budget because spending projection is still higher than state revenue. “But, we cannot just stop obtaining debt suddenly,” Sri Mulyani said during a press conference in her office in Jakarta on Monday as reported by kompas.com She explained the spending projection in the draft 2018 state budget was to reach Rp 2.20 quadrillion (US$ 165.09 billion), while state revenue was projected to reach Rp 1.88 quadrillion.
Govt cannot just suddenly stop finding debt
KONTAN.CO.ID - Finance Minister Sri Mulyani has said the government will continue to reduce its dependency on foreign debt, which is still needed to cover the deficit in the state budget because spending projection is still higher than state revenue. “But, we cannot just stop obtaining debt suddenly,” Sri Mulyani said during a press conference in her office in Jakarta on Monday as reported by kompas.com She explained the spending projection in the draft 2018 state budget was to reach Rp 2.20 quadrillion (US$ 165.09 billion), while state revenue was projected to reach Rp 1.88 quadrillion.