Indonesia : Managing Government Debt and its Risks
The Asian economic crisis has left Indonesia's Government deeply in debt. Government debt has increased from 23 percent of GDP before the crisis to about 83 percent of GDP in early 2000. Nearly three quarters of this increase is domestic debt...
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| Language: | English en_US |
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Washington, DC
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2000/05/437082/indonesia-managing-government-debt-risks http://hdl.handle.net/10986/15198 |
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okr-10986-151982021-04-23T14:03:15Z Indonesia : Managing Government Debt and its Risks World Bank ACCOUNTABILITY ADB ASSET MANAGEMENT ASSET MANAGEMENT COMPANIES ASSET SALES ASSETS BANK BANK INDONESIA BANK RECAPITALIZATION BANK RESTRUCTURING BANKING RESTRUCTURING BANKING SECTOR BOND MARKET BONDS BOOK VALUE BORROWING BUDGET PROCESS CAPACITY BUILDING CAPITAL ADEQUACY CD COLLUSION CREDIT PROGRAMS CREDIT RATING CREDITOR CURRENCY RISK CURRENT EXPENDITURES DEBT BURDEN DEBT COLLECTION DEBT INTEREST DEBT LEVEL DEBT MANAGEMENT DEBT MARKETS DEBT OUTSTANDING DEBT REDUCTION DEBT RESTRUCTURING DEBT SERVICE DEBT SERVICE BURDEN DEBT SERVICE PAYMENTS DEBT SERVICING DEBT SUSTAINABILITY DEBTS DEFAULT RISK DEREGULATION DEVELOPMENT ASSISTANCE DIVIDENDS DOMESTIC DEBT ECONOMIC COOPERATION ECONOMIC STABILITY EFFECTIVE STRATEGY ELECTRICITY EXCHANGE RATE EXTERNAL DEBT EXTERNAL PUBLIC DEBT FACE VALUE FINANCIAL CRISIS FINANCIAL INSTITUTIONS FISCAL DECENTRALIZATION FISCAL MANAGEMENT FISCAL POLICIES FISCAL SURPLUS FISCAL YEAR FOREIGN BORROWING FOREIGN DEBT GDP GOVERNMENT DEBT GOVERNMENT EXPENDITURES GOVERNMENT OBLIGATIONS GROSS DOMESTIC PRODUCT GROWTH INDONESIA INFLATION INFLATION RATE INSURANCE INTEREST RATE INTEREST RATES INTERNATIONAL BONDS LIQUIDITY MACROECONOMIC MANAGEMENT MARKET VALUE MATURITIES MONETARY POLICY NATIONAL GOVERNMENTS NET WORTH NOMINAL INTEREST RATE OIL OPERATIONAL RISKS PENSIONS POLICIES PRESENT VALUE PRICE CHANGES PRIVATE SECTOR PRIVATIZATION PUBLIC DEBT PUBLIC ENTERPRISES PUBLIC EXPENDITURES PUBLIC INVESTMENT PUBLIC RESOURCES PUBLIC SECTOR PUBLIC SPENDING REAL INTEREST RATE REPAYMENT SAVINGS SECURITIES SOLVENCY SOVEREIGN DEBT STATE BANKS STATE ENTERPRISES STATE OWNED ENTERPRISES TAX TAX EXEMPTIONS TAX REVENUE TAX REVENUES TECHNICAL ASSISTANCE TRANSPARENCY PUBLIC DEBTS ECONOMIC CRISIS FISCAL SURPLUS CONCESSIONAL LOAN CAPACITY BUILDING GOVERNMENT BONDS DEBT SERVICE BURDEN INVESTOR CONFIDENCE INTEREST RATES The Asian economic crisis has left Indonesia's Government deeply in debt. Government debt has increased from 23 percent of GDP before the crisis to about 83 percent of GDP in early 2000. Nearly three quarters of this increase is domestic debt to pay for bank restructuring. Though very large, the government's debt is manageable. Actions to rebuild investor confidence, keep real interest rates down, and renew growth are necessary. Moreover, actions are also needed in the following areas: 1) generating significant primary fiscal surpluses; 2) containing off-budget losses and counteracting fiscal risks; 3) aggressively selling government assets to reduce government debt; 4) rescheduling existing debt under international rules and seeking the best possible terms for new borrowing; 5) building capacity to manage debt well; and 6) establishing an effective domestic bond market. The report concludes that Indonesia can overcome its government debt burden with renewed growth and prudent fiscal management. But this will not be easily or quickly achieved. Sustained fiscal surpluses and asset sales will be important. So will actions to avoid additional new government debt and strengthen debt management capacity. 2013-08-19T22:24:03Z 2013-08-19T22:24:03Z 2000-05-22 http://documents.worldbank.org/curated/en/2000/05/437082/indonesia-managing-government-debt-risks http://hdl.handle.net/10986/15198 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC East Asia and Pacific Indonesia |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCOUNTABILITY ADB ASSET MANAGEMENT ASSET MANAGEMENT COMPANIES ASSET SALES ASSETS BANK BANK INDONESIA BANK RECAPITALIZATION BANK RESTRUCTURING BANKING RESTRUCTURING BANKING SECTOR BOND MARKET BONDS BOOK VALUE BORROWING BUDGET PROCESS CAPACITY BUILDING CAPITAL ADEQUACY CD COLLUSION CREDIT PROGRAMS CREDIT RATING CREDITOR CURRENCY RISK CURRENT EXPENDITURES DEBT BURDEN DEBT COLLECTION DEBT INTEREST DEBT LEVEL DEBT MANAGEMENT DEBT MARKETS DEBT OUTSTANDING DEBT REDUCTION DEBT RESTRUCTURING DEBT SERVICE DEBT SERVICE BURDEN DEBT SERVICE PAYMENTS DEBT SERVICING DEBT SUSTAINABILITY DEBTS DEFAULT RISK DEREGULATION DEVELOPMENT ASSISTANCE DIVIDENDS DOMESTIC DEBT ECONOMIC COOPERATION ECONOMIC STABILITY EFFECTIVE STRATEGY ELECTRICITY EXCHANGE RATE EXTERNAL DEBT EXTERNAL PUBLIC DEBT FACE VALUE FINANCIAL CRISIS FINANCIAL INSTITUTIONS FISCAL DECENTRALIZATION FISCAL MANAGEMENT FISCAL POLICIES FISCAL SURPLUS FISCAL YEAR FOREIGN BORROWING FOREIGN DEBT GDP GOVERNMENT DEBT GOVERNMENT EXPENDITURES GOVERNMENT OBLIGATIONS GROSS DOMESTIC PRODUCT GROWTH INDONESIA INFLATION INFLATION RATE INSURANCE INTEREST RATE INTEREST RATES INTERNATIONAL BONDS LIQUIDITY MACROECONOMIC MANAGEMENT MARKET VALUE MATURITIES MONETARY POLICY NATIONAL GOVERNMENTS NET WORTH NOMINAL INTEREST RATE OIL OPERATIONAL RISKS PENSIONS POLICIES PRESENT VALUE PRICE CHANGES PRIVATE SECTOR PRIVATIZATION PUBLIC DEBT PUBLIC ENTERPRISES PUBLIC EXPENDITURES PUBLIC INVESTMENT PUBLIC RESOURCES PUBLIC SECTOR PUBLIC SPENDING REAL INTEREST RATE REPAYMENT SAVINGS SECURITIES SOLVENCY SOVEREIGN DEBT STATE BANKS STATE ENTERPRISES STATE OWNED ENTERPRISES TAX TAX EXEMPTIONS TAX REVENUE TAX REVENUES TECHNICAL ASSISTANCE TRANSPARENCY PUBLIC DEBTS ECONOMIC CRISIS FISCAL SURPLUS CONCESSIONAL LOAN CAPACITY BUILDING GOVERNMENT BONDS DEBT SERVICE BURDEN INVESTOR CONFIDENCE INTEREST RATES |
| spellingShingle |
ACCOUNTABILITY ADB ASSET MANAGEMENT ASSET MANAGEMENT COMPANIES ASSET SALES ASSETS BANK BANK INDONESIA BANK RECAPITALIZATION BANK RESTRUCTURING BANKING RESTRUCTURING BANKING SECTOR BOND MARKET BONDS BOOK VALUE BORROWING BUDGET PROCESS CAPACITY BUILDING CAPITAL ADEQUACY CD COLLUSION CREDIT PROGRAMS CREDIT RATING CREDITOR CURRENCY RISK CURRENT EXPENDITURES DEBT BURDEN DEBT COLLECTION DEBT INTEREST DEBT LEVEL DEBT MANAGEMENT DEBT MARKETS DEBT OUTSTANDING DEBT REDUCTION DEBT RESTRUCTURING DEBT SERVICE DEBT SERVICE BURDEN DEBT SERVICE PAYMENTS DEBT SERVICING DEBT SUSTAINABILITY DEBTS DEFAULT RISK DEREGULATION DEVELOPMENT ASSISTANCE DIVIDENDS DOMESTIC DEBT ECONOMIC COOPERATION ECONOMIC STABILITY EFFECTIVE STRATEGY ELECTRICITY EXCHANGE RATE EXTERNAL DEBT EXTERNAL PUBLIC DEBT FACE VALUE FINANCIAL CRISIS FINANCIAL INSTITUTIONS FISCAL DECENTRALIZATION FISCAL MANAGEMENT FISCAL POLICIES FISCAL SURPLUS FISCAL YEAR FOREIGN BORROWING FOREIGN DEBT GDP GOVERNMENT DEBT GOVERNMENT EXPENDITURES GOVERNMENT OBLIGATIONS GROSS DOMESTIC PRODUCT GROWTH INDONESIA INFLATION INFLATION RATE INSURANCE INTEREST RATE INTEREST RATES INTERNATIONAL BONDS LIQUIDITY MACROECONOMIC MANAGEMENT MARKET VALUE MATURITIES MONETARY POLICY NATIONAL GOVERNMENTS NET WORTH NOMINAL INTEREST RATE OIL OPERATIONAL RISKS PENSIONS POLICIES PRESENT VALUE PRICE CHANGES PRIVATE SECTOR PRIVATIZATION PUBLIC DEBT PUBLIC ENTERPRISES PUBLIC EXPENDITURES PUBLIC INVESTMENT PUBLIC RESOURCES PUBLIC SECTOR PUBLIC SPENDING REAL INTEREST RATE REPAYMENT SAVINGS SECURITIES SOLVENCY SOVEREIGN DEBT STATE BANKS STATE ENTERPRISES STATE OWNED ENTERPRISES TAX TAX EXEMPTIONS TAX REVENUE TAX REVENUES TECHNICAL ASSISTANCE TRANSPARENCY PUBLIC DEBTS ECONOMIC CRISIS FISCAL SURPLUS CONCESSIONAL LOAN CAPACITY BUILDING GOVERNMENT BONDS DEBT SERVICE BURDEN INVESTOR CONFIDENCE INTEREST RATES World Bank Indonesia : Managing Government Debt and its Risks |
| geographic_facet |
East Asia and Pacific Indonesia |
| description |
The Asian economic crisis has left
Indonesia's Government deeply in debt. Government debt
has increased from 23 percent of GDP before the crisis to
about 83 percent of GDP in early 2000. Nearly three quarters
of this increase is domestic debt to pay for bank
restructuring. Though very large, the government's debt
is manageable. Actions to rebuild investor confidence, keep
real interest rates down, and renew growth are necessary.
Moreover, actions are also needed in the following areas: 1)
generating significant primary fiscal surpluses; 2)
containing off-budget losses and counteracting fiscal risks;
3) aggressively selling government assets to reduce
government debt; 4) rescheduling existing debt under
international rules and seeking the best possible terms for
new borrowing; 5) building capacity to manage debt well; and
6) establishing an effective domestic bond market. The
report concludes that Indonesia can overcome its government
debt burden with renewed growth and prudent fiscal
management. But this will not be easily or quickly achieved.
Sustained fiscal surpluses and asset sales will be
important. So will actions to avoid additional new
government debt and strengthen debt management capacity. |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Indonesia : Managing Government Debt and its Risks |
| title_short |
Indonesia : Managing Government Debt and its Risks |
| title_full |
Indonesia : Managing Government Debt and its Risks |
| title_fullStr |
Indonesia : Managing Government Debt and its Risks |
| title_full_unstemmed |
Indonesia : Managing Government Debt and its Risks |
| title_sort |
indonesia : managing government debt and its risks |
| publisher |
Washington, DC |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2000/05/437082/indonesia-managing-government-debt-risks http://hdl.handle.net/10986/15198 |
| _version_ |
1764427263612289024 |