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Rising Debt at the End of Jokowi’s Term

Monday, July 29, 2024

The 10 years of Joko Widodo’s administration leaves behind a mountain of debt. The management of the state budget shows minimal public participation and oversight.

arsip tempo : 173485124058.

Finance Minister Sri Mulyani Indrawati (left) presents an overview of the current economic fundamentals and the 2025 State Budget Draft in Jakarta, June 24. TEMPO/Tony Hartawan . tempo : 173485124058.

TO see the impact of President Joko Widodo’s economic policies over the past decade, one can look at the 2025 Macroeconomic Framework and Fiscal Policy Principles (KEM-PPKF) released by the Ministry of Finance. On page 25 of the 356-page document, it states, “The debt-to-GDP (gross domestic product) ratio has increased significantly over the past 10 years.”

Following that sentence, the Ministry of Finance stated that from

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