Indonesia's government securities issuance reaches Rp586.1 trillion
Net debt financing totalled Rp629.3 trillion through October 2026, including Rp43.2 trillion in loans.
Indonesia raised Rp586.1 trillion through government securities to fund its budget deficit through October 2026, Finance Minister Suahasil Nazara told the APBN Kita briefing on 13 November 2026. Including loans of Rp43.2 trillion, net debt financing reached Rp629.3 trillion.
The budget recorded a Rp379.3 trillion deficit, equivalent to 1.47 per cent of gross domestic product. Spending totalled Rp2,997.2 trillion, or 78 per cent of the allocation, rising 15.6 per cent from the corresponding period a year earlier.
Government revenue amounted to Rp2,618 trillion, meeting 83 per cent of the annual target. It was 23.9 per cent higher than in October 2025.
Suahasil said securities issuance decisions take account of timing, available cash and market developments, with the government seeking low borrowing costs. He linked financial-market pressure in October to MSCI's plan to classify Indonesia's stock market as standalone.
He cited debt demand of Rp64.8 trillion on 16 October 2026 and Rp31.09 trillion on 27 October 2026, when MSCI announced Indonesia's status. By 10 November, incoming bids for government bonds had recovered to Rp79.71 trillion, he said, attributing the rebound to confidence in economic resilience and credible budget management.
