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Sri Mulyani Reveals Reasons for Government Withdrawal of Rp. 243.9 Trillion New Debt

Sri Mulyani Reveals Reasons for Government Withdrawal of Rp. 243.9 Trillion New Debt The Ministry of Finance (Kemenkeu) noted that the realization of debt financing in the 2023 State Revenue and Expenditure Budget (APBN) reached IDR 243.9 trillion as of April 2023.  Minister of Finance Sri Mulyani Indrawati said this realization was equivalent to 35 percent of the financing target in the 2023 State Budget, which is IDR 696.3 trillion.  "Until the end of April, debt issuance reached IDR 243.9 trillion," he said at the KiTa State Budget press conference, Monday (22/5/2023).  The state treasurer further stated that the realization of the financing shot up 55.9 percent compared to the same period last year.  The rapid growth in financing realization is in line with the government's front loading strategy, in anticipation of the lag effect from the increase in the benchmark interest rates of the US central bank, The Federal Reserve (The Fed) and Bank Indonesia (BI)