Tuesday, February 12, 2008

Outlook :: Increasing Debt burden

Kompas Update, 12 February 2008

As stated by General Director of Debt Management at Ministry of Finance, there is an increase in due debt payment in account of exchange rate movement; but however since there is also an increase in debt draw down the overall picture will be likely unaffected. As presented in hearing with tenth commision of the parlemen (Komisi XI DPR); net overseas finance in state budget (APBN) will have an uplift of 4,5 trio IDR; from 16,7 trio IDR to 21,2 trio IDR. On other occassion, Kusfiardi, Coordinator of anti-debt Coalition said that moratorium is the only way that gov. should seek in order to relieve debt burden and also gov. are required to maintain more controlled exchange rate to preserve stability.

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