Thursday, March 18, 2010

Indonesia the biggest debt user

Monday, May 18, 2009, 2:58
This news item was posted in Economic category and has 0 Comments so far.

Council of the annual Asian Development Bank (SDB) in Denpasar, Bali, closed, Tuesday (5 / 5). ADB agreed to increase capital up to three times to increase the capacity in ADB to provide loans to member countries, including Indonesia. In fact must be followed by the deposit up to Rp 2 trillion survived four years that must be borne by the State Budget.

Through the additional deposit, the commitment of Indonesia to get assistance from the ADB U.S. $ 140 million for infrastructure development, the U.S. $ 65 million for the PNPM Mandiri and standby loan of U.S. $ 1 billion. Standby loan will be used if the economic situation is urgent. Indonesia also recorded as the largest in the country penghutang ADB.

Dozens of students joined in the National Front Students reject plan developed countries and ADB to provide loans of U.S. $ 2 billion to the government. ADB and the Government of Japan are required to cancel debts. The debt that will only increase the burden of the people. Economist Kwik kien Gie hope the government can understand the difficult conditions faced by the people at this time.

Not reduced, according to team Bangkit Indonesia, government debt rose 31 percent in the last four years. In the early 2009, Indonesian debt reached more than Rp 1,600 trillion. As a result, every citizen must shoulder the burden of debt of Rp 7.7 million. No wonder if the government is not required to hold debt depends on the developed countries or institutions such as ADB and IMF.

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