Compared to the US and France, our economic decline is still safe – Minister of Finance Sri Mulyani Indrawati assessed that the state of the Indonesian economy which has plummeted due to the Covid-19 pandemic is still at a moderate or moderate level

He said, many countries had worse economies than Indonesia.

The former Managing Director of the World Bank compared Indonesia’s 2020 state budget deficit which was still below 10 percent, while there were countries with a deficit of more than 10 percent.

“The Indonesian economy has a relatively moderate contraction and the 6 percent APBN deficit is relatively smaller than other countries with a deficit of more than 10 percent. The United States is close to 15 percent, France 10.8 percent,” Sri Mulyani said in a virtual TNI-Polri meeting, Monday ( 15/2/2021).

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This means, said Sri Mulyani, in a year of the Covid-19 pandemic, debts of countries such as the US and France jumped to more than 10 percent. Meanwhile, Indonesia’s national debt can still be maintained at around 6 percent.

However, Sri Mulyani did not deny that all countries were experiencing tremendous pressure and impacts due to the Covid-19 pandemic.

“It could also be interpreted, the state budget deficit is due to additional public debt,” he said.

Then, Sri Mulyani, who is familiarly called Ani, also compared the government debt side, where Indonesia is still within a safe limit, namely 38.5 percent of the Gross Domestic Product (GDP).

Meanwhile, he continued, developed countries actually had their government debt exceeding the value of GDP, for example the US amounted to 133 percent of GDP; France 118 percent of GDP; until China reaches 66 percent of GDP.

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“However, compared to countries in Asean such as Malaysia which reached 66 percent of GDP, Singapore 131 percent, the Philippines 48 percent, Thailand 55 percent, Indonesia is still relatively cautious and cautious. prudent, “he said.

Source: – Kumpulan Berita Bisnis Hari Ini Yang Terbaru by

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