Public debt reaches 41% of GDP; PKS questions the health of the state budget

TEMPO.CO, JakartaThe deputy chairman of the Economic and Financial Affairs Party of the Prosperous Justice Party (PKS) in the House of Representatives (DPR), Ecky Awal Mucharam, said that the National debt which reached 41.38 percent of gross domestic product (GDP), had already exceeded its healthy share.

Ecky said this raises questions about whether or not the source of money, budgetary position and government spending are really healthy.

“How can the state budget (APBN) be said to be healthy when it does not have a significant impact on people’s well-being,” he said.

The APBN policy must be able to support the country’s economy. Any expense spent must therefore be effective, efficient, and capable of multiple impacts on other sectors.

“While the current state of the state economy”besar pasak daripada tiang “(greater expense than income)where many state-owned companies are unhealthy and need to be bailed out from taxes and debts by the state budget, which is causing concern, ”Ecky said, citing a saying that says that spending is greater than income.

The PKS politician also questioned the national stimulus plan as the millennials unemployment rate hit 19.55 percent.

“The national stimulus plan needs to be reviewed, considering that the government has nowhere near been explicit about fiscal policy in this sector,” he added.

According to him, the economic situation of Indonesia is of grave concern as people face difficult times such as being trapped in illegal online credit. In addition, in the midst of an economic crisis, a bill on the new capital or RUU IKN is being discussed.

“On this basis, the PKS parliamentary group sees a need for improvement from the upstream with regard to the existing guidelines,” concluded Ecky.

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