Indonesia govt plans net bonds sales of 58.5 trln rupiah this year |
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Published
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Tue, 14 Aug 2007 12:54
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JAKARTA (Thomson Financial) - The Indonesian government plans to increase its net bond sales to 58.5 trillion rupiah this year from 40.6 trillion previously given the projected wider budget deficit, the Ministry of Finance's debt management director Rahmat Waluyanto said.Waluyanto said the decision to increase bond sales was taken after the government and the state budget committee of the lower house of Parliament (DPR) agreed recently to a higher budget deficit for this year.He said the projected budget deficit for 2007 was raised to 1.54 percent of gross domestic product from 1.1 percent set earlier.However, he said the government will still have to evaluate market demand for government bonds over the next few weeks given the current turbulence in financial markets in the wake of the US subprime woes.'If the demand for government treasury bonds decline, we would take certain steps to meet the (new) target,' Waluyanto said without elaborating.(1 US dollar = 9,347 rupiah)roffie.kurniawan@thomson.comrk/zrhkp/zr/hkp/zrCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
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Indonesia's H1 realized FDI up 16.81 pct year-on-year - report 