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RI`s debt ratio to GDP projected at 39% in 2007
Antara
 Jakarta (ANTARA News) - Indonesia`s foreign debt ratio to gross domestic product (GDP)is expected to drop to 39 percent in 2007 and further down to 31.8 percent in 2009, a National Development Planning Agency (Bappenas) official said.
"We hope it will drop to 39 percent in 2007. At the end of December 2005 it stood at 46 percent and at the end of 2006 it is expected to reach 43 percent," Bappenas Deputy Head for Development Funding Lukita Dinarsyah Tuwo said on Thursday.
He believed the target of 31.8 percent for 2009 could be achieved because the government had implemented the correct strategy to lower the foreign debt ratio to the GDP.
"Admittedly, (the amount of debts paid) is larger than that of new loans, thereby the net amount of debts will always be negative and the ratio continues to decline," he said.
Under the 2007 State Budget, the government intends to make new loans totaling Rp40.4 trillion, while the amount of principal debts paid in the same year would reach Rp50.83 trillion, he said.
Under the 2006 State Budget, Indonesia`s total offshore loans were projected at Rp35.1 trillion consisting of Rp9.9 trillion program loans and Rp25.2 trillion project loans, while the amount of principal debts paid in the year reached Rp63.5 trillion, he said.(*)
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