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RI is now a beggar in debt one by one country



on – Former Minister of Maritime Affairs Coordination Rizal Ramli spoke about Indonesia’s current public debt.

Through his Twitter network, Rizal Ramli hit on President Joko Widodo or Jokowi.

Rizal Ramli pointed out that interest on debt is now getting more expensive. To simply pay the interest, Indonesia has to borrow another debt from another country.

“Mas @ Jokowi, where do you get RI? Debt securities with interest are getting more and more expensive. Just to pay the interest on the debt you have to go into debt again. It’s getting worse,” said Rizal Ramli, Friday (20/11/2020).

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Rizal Ramli Sentil President Jokowi regarding the state debt (Twitter / RamliRizal),
Rizal Ramli Sentil President Jokowi regarding the state debt (Twitter / RamliRizal),

Then, Rizal Ramli called Jokowi’s government a “beggar of bilateral debt”.

Not without reason, said Rizal Ramli, because according to him, the government currently has a strategy of borrowing debt from one country to another.

“This is why starting to change strategy to become” beggars of bilateral debt “, from one country to another”, said Rizal Ramli.

“That too has had a change. That’s what shocked me ‘,” he said adding.

Previously, the Bank of Indonesia (BI) recorded Indonesia’s third-quarter external debt of US $ 408.5 billion. This figure is up 3.8% compared to the same period last year.

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The head of the BI communications department, Onny Widjanarko, said the increase in foreign debt was mainly influenced by private foreign debt payment transactions.

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