BUDGET DEFICIT
Depending on Government Bonds

The government incites the issuance of state bonds, thus creating a race with corporate bonds.

August 11, 2009

TWICE in one week Bank Central Asia revised the sales targets of Indonesian retail bonds alias ORI 006. To begin with, this bank that became a sales agent for these ORI bonds—out of 20 agents appointed by the government—only set a sales target of Rp300 billion. In reality, demand increased. On 29 July, BCA added a further Rp150 billion raising the sales target to Rp450 billion.

Orders continued to roll in. Targeted sales were raised to Rp65

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