Sri Mulyani Highlights Debt Risk Mitigation in House Plenary Session
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31 May 2021 15:50 WIB
TEMPO.CO, Jakarta - Finance Minister Sri Mulyani Indrawati said the management of debts would continue to be carried out in a prudent and sustainable fashion. Debts, she said, were used as one of the substantial elements in the government's countercyclical fiscal policy.
“The mitigation of debt risks is performed by keeping the debt ratio within a controllable limit and studying the market so that the cost of fund is more efficient and competitive,” she said in a House plenary session on Monday, May 31, 2021.
According to Sri, the government has continued to support innovative financing by pushing for a more massive KPBU (government-to-business) scheme, enhancing the roles of SWF (sovereign wealth fund) and SMV (special mission vehicle), and leveraging the effectiveness of state-owned enterprises as an agent of development to actively partake in accelerating the achievement of development targets.
Sri added the 2022 fiscal policy would remain expansive, yet directed and measured. She explained the government would also stay consistent in keeping the balance between countercyclical spending abilities and fiscal risks.
Sri Mulyani said in line with this situation, the government would carry out fiscal consolidation in stages that the deficit would return to three percent of GDP at maximum in 2023.
Read: Minister Sri Mulyani Discusses Second Tax Amnesty with House Legislators
MUHAMMAD HENDARTYO