Business · Economy · 3 hrs ago
Indonesia’s Government Debt Ratio Falls to 40.3% of GDP
Indonesia’s government debt rose to Rp10,326.93 trillion by the end of the third quarter of 2026, up from the previous quarter.
But debt fell as a share of the economy, to 40.3% of GDP from 41.26% in the second quarter.
The finance ministry’s debt office said faster economic growth helped lower the ratio, even as the amount owed increased.
Indonesia’s economy grew 5.47% year on year in the third quarter, compared with 5.29% in the second.
The debt ratio remains below Indonesia’s legal limit of 60% of GDP.
The government says it will keep debt at a controlled level and manage budget financing efficiently.
Indonesia’s government debt ratio fell to 40.30% of GDP in the third quarter of 2026, from 41.26% in the second quarter.
The government’s nominal debt rose by about Rp33.24 trillion to Rp10,326.93 trillion.
Finance Ministry official Suminto said faster economic growth helped lower the ratio despite the rise in debt.
Indonesia’s economy grew 5.47% year on year in the third quarter, up from 5.29% in the second quarter.
The legal ceiling for government borrowing or financing to cover the budget deficit is 60% of GDP.
- Who
- Indonesia’s government; the Finance Ministry’s Directorate General of Financing and Risk Management reported the figures.
- What
- Government debt rose in nominal terms, while its ratio to GDP fell to 40.30%.
- When
- The figures are for the third quarter of 2026, compared with the second quarter.
- Where
- Indonesia.
- Why
- Suminto said faster economic growth and higher nominal GDP helped reduce the debt ratio despite the increase in nominal debt.
This story does not have two clearly opposing sides.
The government debt-to-GDP ratio was 41.26%, and the economy grew 5.29% year on year.
The government debt-to-GDP ratio fell to 40.30%, while nominal government debt rose to Rp10,326.93 trillion.
The economy grew 5.47% year on year.
- Government debt ratio, Q3 2026
- 40.30% of GDP
- Government debt ratio, Q2 2026
- 41.26% of GDP
- Government debt, end of Q3 2026
- Rp10,326.93 trillion
- Change in government debt
- Up about Rp33.24 trillion from Q2 2026
- Economic growth, Q3 2026
- 5.47% year on year
- Legal borrowing ceiling
- 60% of GDP
What people are saying
The government debt-to-GDP ratio in September 2026 (Q3) fell to 40.30%, from 41.26% in June 2026 (Q2).
The increase in nominal GDP, supported by domestic economic activity and accelerated government spending, also contributed to the decline in the debt ratio.