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On Democrats’ 20th birthday, AHY compares state debt from SBY and Jokowi eras

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Liputan6.com, Jakarta – Democratic Party Chairman Agus Harimurti Yudhoyono (AHY) compared the conditions of the era of President Susilo Bambang Yudhoyono (SBY) with the era of the current leadership of President Joko Widodo or Jokowi. According to him, SBY for 10 years in charge managed to erode Indonesia’s debt.

However, the current state debt condition, considered by AHY, has been inversely proportional as it has exceeded 40% of the government debt-to-gross domestic product (GDP) ratio or reached around Rs.6.570 trillion.

“Dramatically reduce the ratio of external debt to GDP. We know how good our debt-to-GDP ratio is today,” AHY said during his remarks at the Democratic Party’s 20th anniversary commemoration on Thursday ( 9/9/2021).

In 2004 or at the start of President SBY’s era, the ratio of public debt to GDP was recorded at 57%. Then, at the end of his term in 2014, the debt figure managed to drop to 24.74%. Under SBY, the economy has managed to grow well.

“Our economy has grown high with an average of around 6% over the past 10 years, and even though the world was facing a global economic crisis in 2008, we are not in a very bad position,” he said. declared AHY.

“Even among the G20 countries, our economic growth is the second highest in the world after China, paving the way for economic growth,” he continued.

For this, AHY claims that the economic advancements during the SBY period also contributed to the rapid infrastructure development of Indonesia.

“So, of course, infrastructure development is not only today, but 10 years under the administration of Pak SBY, infrastructure development is part of road map Where plan The MP3EI (Master Plan for the Acceleration and Expansion of Indonesian Development) is also being implemented in various regions of the country, ”he explained.

In addition, he also mentioned that development in the SBY era may well proceed without compromising the health, education and human welfare sectors.

“To remember and thank God, the incomes of our people at this time also continued to increase significantly. On the other hand, the rate of poverty, inequalities and unemployment can be removed and reduced,” a- he declared.

President of the Democratic Party, Susilo Bambang Yudhoyono, revealed the content of the meeting between President Jokowi and AHY.

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