Bonds
Wait Not for 2004Please!
Tuesday, November 27, 2001
Indonesia may face an acute budget crisis caused by the imprudent issuance of bonds and the jump in interest rates to be paid now and later. Is there a solution in sight to this alarming situation?
arsip tempo : 173510790564.
The government finally lays bare the situation. The burden of domestic debts is estimated to rock Indonesia's economy for the next few years. At first, the state budget will be overwhelmed by the increasing weight of interest to be paid on the bonds. This will be followed by its obligation to pay maturing principal debts. The climax will be from year 2004 to 2009. During that period, maturing principal debts will skyrocket to an astounding Rp75 tr...
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