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Debt Trap Abyss Threatening Prabowo’s Presidency

Monday, June 10, 2024

There is no possibility for Prabowo to go on a spending spree during his presidency. Debt repayment liabilities will shackle him.

arsip tempo : 176560184297.

Illustration. Alvin Siregar. tempo : 176560184297.

PRESIDENT Joko Widodo will surely leave a heavy burden for President-elect Prabowo Subianto. A massive amount of debt repayment awaits practically during the entirety of Prabowo’s presidency. During 2025-2029, all series of maturing Indonesian government bonds will reach an astronomical total value of Rp3,086 trillion.

Hence, a substantial portion of the government budget in those five years will be swallowed by that liability, shrinking t

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