JAKARTA (Yosefardi) – Government of Indonesia is set to auction bonds or debt securities (SUN) on Tuesday (August 2), targeting to raise Rp12 trillion.
Five series of bonds to be auctioned. In its official statement, the Directorate General of Budget Financing and Risk Management (DJPPR) stated, indicative target set is Rp12 trillion with maximum target of Rp18 trillion.
Government had in July 26, 2016 offered Islamic bonds (syariah) through acution, raising Rp4 trillion. The proceeds of bond auction are aimed to support the budget spending this year.
The government also opts to expand the budget deficit to 2.5% over the GDP for 2016, from earlier 2.1%, then the spending would decline alongwith the decline in state non tax revenues.