ID :
13419
Tue, 07/22/2008 - 22:23
Auther :
Shortlink :
http://m.oananews.org//node/13419
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GOVT PAYS 43.7 PCT OF INTEREST ON FOREIGN, DOMESTIC DEBT
Jakarta, July 22 (ANTARA) - The government in the first semester of 2008 realized the payment of Rp41.4 trillion in interest on its foreign and domestic debt, or 45.7 percent of the ceiling of amount of Rp94.7 trillion, a finance ministry official said.
"The payments were made before the total of the payable interest increased to Rp97 trillion," the ministry's director for settlements, accountancy and evaluation, Widjanarko, said here on Tuesday.
He said payments of interest on state debentures at home reached Rp30.7 trillion or about 46.6 percent of the interest ceiling of Rp65.8 trillion.
In the meantime, payments of interest on external debts totaled Rp10.7 trillion, including other costs such as management fees and commitment fees, he said.
Finance Minister Sri Mulyani Indrawati said recently payments of interest on domestic and external debts this year were estimated to increase to Rp97 trillion from the previous ceiling of Rp94.7 trillion as a result of a change in inflation assumptions from 6.5 percent in January to 9 percent or even to 11 percent later this year.
According to the minister, at present interest rates were relatively high because domestic and global inflation rates were also showing an upward trend and this had affected the interest burden in the state budget.
"The payments were made before the total of the payable interest increased to Rp97 trillion," the ministry's director for settlements, accountancy and evaluation, Widjanarko, said here on Tuesday.
He said payments of interest on state debentures at home reached Rp30.7 trillion or about 46.6 percent of the interest ceiling of Rp65.8 trillion.
In the meantime, payments of interest on external debts totaled Rp10.7 trillion, including other costs such as management fees and commitment fees, he said.
Finance Minister Sri Mulyani Indrawati said recently payments of interest on domestic and external debts this year were estimated to increase to Rp97 trillion from the previous ceiling of Rp94.7 trillion as a result of a change in inflation assumptions from 6.5 percent in January to 9 percent or even to 11 percent later this year.
According to the minister, at present interest rates were relatively high because domestic and global inflation rates were also showing an upward trend and this had affected the interest burden in the state budget.
