1. Redemption and buyback amount subject to change
2. GDS stands for Government Debt Securities
2009 Budget Revised 2009 Deficit
129.8tr Amortization of existing debt
114.6tr
External Loan 69.0tr
Gov. Securities includes buyback
45.6tr
Financing Required 244.4tr
Sources of Financing Non Debt includes2008
surplus
30.3tr Gross Debt Financing
214.1tr
Government Securities 144.8tr
Program Loans 30.3tr
Project Loans 39.0tr
The 2009 Budget has been designed to give the Government enough room to adjust to any potential impact of the global credit crisis
Budget Deficit Financing in IDR
The Government’s funding plans are well on-track with realized government securities issuance at
100.01 of gross issuance required in the 2009 Revised Budget.
47
Net Issuance Realization as of December 4, 2009
2009 Issuance Program IDR tr
Original 2009 Budget
Government Securities Net Financing: 54.7
Revised 2009 Budget
Government Securities Net Financing: 99.3
Redemption + Buyback
1
45.3 Net Realization December 4, 2009
99.86
Gross Issuance: 144.56
Coupon GDS
2
54.49 Retail bonds
8.54 Retail Sukuk
5.55 Zero coupon GDS
2
24.7 T
’bill for Local Govt 0.5
Domestic Sukuk 3.98
International Sukuk 7.03
International bonds 39.77
Redemption + Buyback 44.7
2009 Issuance Program IDR tr
Original 2009 Budget
Government Securities Net Financing: 54.7
Revised 2009 Budget
Government Securities Net Financing: 99.3
Redemption + Buyback
1
45.3 Net Realization December 4, 2009
99.86
Gross Issuance: 144.56
Coupon GDS
2
54.49 Retail bonds
8.54 Retail Sukuk
5.55 Zero coupon GDS
2
24.7 T
’bill for Local Govt 0.5
Domestic Sukuk 3.98
International Sukuk 7.03
International bonds 39.77
Redemption + Buyback 44.7
Source: Ministry of Finance.
2010 Budget Deficit is proposed at 1.6; taking into account the confidence in sustainability of gov ernment’s
financing resources ability
32 33
35 39
47 57
61 67
77 89
85
30 1000
2000 3000
4000 5000
6000 7000
1999 2000
2001 2002
2003 2004
2005 2006
2007 2008
2009 2010
Triillion Rp
10 20
30 40
50 60
70 80
90 100
GDP Outstanding Debt
Debt ratio to GDP Main financing resources for 2010 financing deficit Rp98 T US9.8 bio
Government bond issuances, net Rp104,4 T US 10.4 bio
Various tenors long and short term
Diversified Instruments Sukuk, conventional, GMTN, direct buying, retail, non-tradable bonds
External debt, gross Rp57,6 T US 5.7 bio
Program loans from World Bank, ADB, IDB, Japan France
Project loans, particularly for multi-year activity
Contingencies Loan from World Bank, ADB, Japan Samurai and Australia provide a market confident
48
Source: Ministry of Finance.
GDP – Outstanding Debt – Debt Ratio to GDP
Debt Management and Debt Profile
50
Source: Ministry of Finance.
IDR trillion
2009-Budget of
GDP 2009-Revised
Budget of
GDP
A C
Total Revenue Grants 985.7
18.5 871.0
