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State Promissory Notes

Analyzing the 2003 Budget

Tuesday, October 21, 2003

Finance Minister Boediono is working against time to patch up the budget deficit.

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FINANCE Minister Boediono has to be very astute in what is a race against time as regards the gaping 2003 budget deficit. The reason for this is that the target of issuing Rp11.7 trillion in state promissory notes (SUNs) is going to be difficult to achieve. This is despite the fact that during a working meeting with the Budgetary Committee of the House of Representatives (DPR) at the end of August this year, Boediono explained that the sale o

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