Fiscal Pressures Mount as Debt Matures

Monday, August 4, 2025

The government must pay Rp800 trillion in maturing debt, a risky situation amidst uncertain economic conditions.

Illustration. TEMPO/Alvin Siregar. tempo : 177065056574.

A PACKED schedule awaited Thomas Djiwandono the moment he landed in Sydney, Australia, on Monday, July 28, 2025. The Deputy Finance Minister was slated to meet with officials from the Australian Prudential Regulation Authority and Nicholas Moore, the Australian Prime Minister’s Special Envoy to Southeast Asia. But Thomas had one overriding mission on this trip: to prepare for the debut issuance of the Kangaroo Bond, Indonesia’s f

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Caesar Akbar

THIS year, the Indonesian government must pay Rp.800.33 trillion in maturing debt—the largest amount in its history. Amidst the unfavorable economic situation, this debt burden is a warning sign. Tempo, in collaboration with the Center of Economic and Law Studies (Celios), document what happened in the economic sector in the first half of this year, particularly regarding the risk of escalating debt.

Tempo x Celios Economic Review

Tempo Team

Team Leader: Fery Firmansyah; Editors: Retno Sulistyowati, Fery Firmansyah; Writers: Caesar Akbar, Ghoida Rahmah, Khairul Anam, Riani Sanusi Putri; Contributor: Ilona Esterina Piri; Photo Research: Fardi Bestari; Design and Layout: Endang Wijaya, Lukmanul Hakim, Gatot Pandego; English Editor: Luke Edward

Celios Team

Executive Director: Bhima Yudhistira Adhinegara; Director of Fiscal Justice: Media Wahyudi Askar; Director of Economics: Nailul Huda; Researchers: Muhammad Bakhrul Fikri, Jaya Darmawan, Bara Muhammad Setiadi