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Indonesia`s Economy Stronger Than Greece, says Expert

6 July 2015 13:30 WIB

Rakyat pendukung yang menolak dana talangan tumpah ruah di depan gedung parlemen setelah pengumuman hasil referendum di Athena, 6 Juli 2015. Hasil referendum menyatakan 61% warga Yunani menolak kesepakatan utang. AP/Emilio Morenatti

TEMPO.CO, Jakarta - Indonesian economy is believed to be far better than that of Greek on crisis, especially on national debt ratio against GDP.

Economy expert from Gadjah Mada University, Tony Prasetiantono, said that Greece’s foreign debt reaches a massive amount of 360 billion euro, or around Rp 5,345 trillion. The nation’s debt ratio against GDP is over 100 percent, which is dangerous.

“Indonesia only has 25 percent of debt ratio against GDP,” said Tony. “In default context, we have nothing to worry.”

Moreover, Tony said that Indonesian economy is far better because national budget deficit is only at 2 percent.

Finance Minister spoke the same thing as he said that Greece covered up its national deficit through debt. As a result, debt ration against GDP is piking and tax collection becomes insignificant.

Bambang explained that Greece’s current state is similar to that in Indonesia during 1998 monetary crisis. During 1990-1997 period, Indonesia had been at its excellent economy pertumbuhan with 7 percent economic growth, before collapsing at minus 14 percent in 1998.

ALI HIDAYAT | MITRA TARIGAN | SINGGIH SOARES | TRI ARTINING | URSULA FLORENE




Indonesia Maintains Its Macroeconomic Stability With Good Consumer Confidence

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Indonesia Maintains Its Macroeconomic Stability With Good Consumer Confidence

Indonesia's macroeconomic stability is maintained with good consumption and adequate foreign exchange reserves.


Jokowi, Sri Mulyani Discuss Macroeconomics and 2024 State Budget

20 Februari 2023

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Jokowi Critical Against Sandiaga Uno`s Macroeconomics Approach

15 April 2019

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Jokowi was critical against Sandiaga Uno's use of individual testimonies to represent the condition of Indonesia's macroeconomy.


Money Should Serve People, Not the Other Way Around, Pope Said

19 Oktober 2018

Money Should Serve People, Not the Other Way Around, Pope Said

The Pope is urging once again that the world leaders should
really serve public interests as well as consider ethics and
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West Java Experienced Economic Growth

19 Oktober 2018

West Java Experienced Economic Growth

The growth is driven by solid domestic demands and export
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BKPM Sets 2014 Investment Target at Rp504 Trillion

19 Oktober 2018

BKPM Sets 2014 Investment Target at Rp504 Trillion

BKPM is targeting 2014's actual investment to reach Rp504 trillion with most of it
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Indonesia is Region's Fastest Growing Corporate Bond Market  

19 Oktober 2018

Indonesia is Region's Fastest Growing Corporate Bond Market  

With 12.1% growth, Indonesia's corporate bond market becomes the fastest
growing in the Asian region.


Indonesian Banks Book Rp 95.30 Trillion Profits

19 Oktober 2018

Indonesian Banks Book Rp 95.30 Trillion Profits

"The profit marks the highest record in the banking industry so
far," said Eko B Supriyanto, InfoBank Magazine's Research Bureau
Director.


FEALAC as East Asia, Latin America Connectors

19 Oktober 2018

FEALAC as East Asia, Latin America Connectors

FEALAC stands for 'Forum for East Asia and Latin America
Cooperation', a ministerial forum of East Asian and Latin
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BI Hopes Jokowi Effect Continues

19 Oktober 2018

BI Hopes Jokowi Effect Continues

Investors are expecting positive news related to Jokowi's
cabinet and concrete steps during his tenure.