Jakarta. Indonesia’s government debt rose to Rp 10.33 quadrillion ($569.7 billion) at the end of September 2026, up from Rp 10.29 quadrillion three months earlier, although its share of the country’s economy declined, the Finance Ministry said Friday.
The debt-to-gross domestic product (GDP) ratio fell to 40.3% in September from 41.26% in June, indicating that the economy’s nominal value grew faster than the government’s outstanding debt during the period.
Finance Ministry Director General of Budget Financing and Risk Management Suminto attributed the improvement to prudent debt management, stronger economic activity and accelerated government spending.
“This reflects our cautious…