JAKARTA (Yosefardi) – Government of Indonesia plans to auction bond in rupiah denomination in September 10, 2013 with indicative target of Rp8 trillion funds, to help cover government financing set on this year budget.
The bonds to be auctioned consist of 5 series; SPN03131211 (new issuance), SPN12140911 (new issuance), FR0070 (reopening), FR0071 (new issuance) and FR0068 (reopening).
As of August 2013, the government spending reached Rp945.8 trillion, or 54.8% of this year target of Rp1,726.2 trillion.
While government revenues, including grants, totaled Rp844.9 trillion, or 56.3% of this year target of Rp1,502 trillion. Tax revenues totaled Rp628.4 trillion, or 57.1% of this year target of Rp1,099.9 trillion.