{
    "success": true,
    "data": {
        "id": 1967844,
        "msgid": "finance-minister-urges-regions-to-assess-risks-before-issuing-bonds-1788875496",
        "date": "2026-09-08 20:26:07",
        "title": "Finance minister urges regions to assess risks before issuing bonds",
        "author": "",
        "source": "ANTARA_EN",
        "tags": "",
        "topic": "Finance",
        "summary": "Finance Minister Purbaya has advised regional governments to carefully assess financial risks before issuing bonds to prevent local debt from destabilising the national economy. In response, Jakarta Governor Pramono Anung Wibowo intends to proceed with bond proposals to fund capital development, while simultaneously calling for the restoration of Jakarta's revenue-sharing funds.",
        "content": "<p>Speaking at a press briefing in Jakarta, Purbaya said the experience\nof countries that allow regional governments to issue debt showed that\nfinancial problems at the local level could eventually affect the\ncentral government.<\/p>\n<p>\u201cIf you look at the lessons from countries in Latin America, Brazil,\nI think regional governments or provinces were once allowed to issue\ndebt, and they were considered separate from the central government,\u201d\nPurbaya said.<\/p>\n<p>\u201cBut when problems arose, the central government was also held\nresponsible. Once it became a problem, the country\u2019s economy was\naffected as well,\u201d he added.<\/p>\n<p>The Jakarta provincial government has submitted a proposal to issue\nregional bonds.<\/p>\n<p>Purbaya said he was not prohibiting Jakarta from issuing bonds, but\nhoped regional governments would take steps to minimize the potential\nimpact of such issuance on the national economy.<\/p>\n<p>Jakarta Governor Pramono Anung Wibowo said last week that he would\nproceed with plans to issue regional bonds to help finance development\nprojects in the capital.<\/p>\n<p>Pramono made the statement in response to Purbaya\u2019s call for regional\ngovernments not to rush into issuing bonds.<\/p>\n<p>\u201cAfter all, the Jakarta government knows what its needs are.\nMr.\u00a0Purbaya said that Jakarta has a lot of money. But we have also been\nasked to undertake a lot of development. And development requires\nfunding,\u201d Pramono said on Friday.<\/p>\n<p>Pramono said that while he had taken the minister\u2019s advice into\nconsideration, he would still submit the proposal for Jakarta to issue\nregional bonds.<\/p>\n<p>He also called on the central government to restore Jakarta\u2019s\nrevenue-sharing funds (DBH) to their previous level if regional\ngovernments were being asked not to rush into issuing regional\nbonds.<\/p>\n<p>Related news: Pramono pushes Finance Ministry to speed up review of\nJakarta bonds<\/p>\n<p>Related news: Jakarta promotes green investment at World Cities\nSummit<\/p>\n<p>Translator: Imamatul Silfia, Kuntum Khaira<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/finance-minister-urges-regions-to-assess-risks-before-issuing-bonds-1788875496",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}