{
    "success": true,
    "data": {
        "id": 1900097,
        "msgid": "jakarta-has-capacity-to-issue-bonds-up-to-rp20-trillion-1785847830",
        "date": "2026-08-04 18:33:00",
        "title": "Jakarta Has Capacity to Issue Bonds up to Rp20 Trillion",
        "author": "Putri Yuliani",
        "source": "MEDIA_INDONESIA",
        "tags": "",
        "topic": "Finance",
        "summary": "The Jakarta provincial government has secured initial central government approval to issue municipal bonds, with Governor Pramono Anung stating the administration has the capacity to issue up to Rp20 trillion. The administration plans to issue an initial Rp3.5 trillion in bonds by June 2027 to fund basic infrastructure, with a seven-year tenor. Pramono assured that the debt will not burden future administrations, citing coordination with the World Bank's IFC and pending approvals from the Home Affairs and Finance ministries.",
        "content": "<p>The provincial government of DKI Jakarta is confident it can obtain\napproval from the central government to issue municipal bonds. It is\nalso claimed that these bonds will not become a burden for subsequent\nadministrations to repay.<\/p>\n<p>Governor of DKI Jakarta, Pramono Anung, claimed that his side has\nalready received approval from the Coordinating Ministry for Economic\nAffairs to issue the municipal bonds.<\/p>\n<p>\u201cIn principle, the DKI Jakarta government could not take a step like\nthis without the approval of the central government. One of the\napprovals in principle that we have received is from the Coordinating\nMinister for Economic Affairs,\u201d he said at Jakarta City Hall on Tuesday\n(4\/8).<\/p>\n<p>Pramono said he would coordinate with the Ministry of Home Affairs\n(Kemendagri) and the Ministry of Finance (Kemenkeu) regarding the\nissuance of the municipal bonds.<\/p>\n<p>This is because the bond issuance must also obtain approval from\nthose two ministries.<\/p>\n<p>\u201cTherefore, it is indeed a requirement that we also obtain approval\nfrom the Ministry of Home Affairs, the Ministry of Finance and Bappenas,\nand we will do that. That is why I am confident that what we are doing\nis a good step,\u201d he said.<\/p>\n<p>Pramono added that his side has also coordinated with the\nInternational Finance Corporation of the World Bank regarding the\nplanned municipal bond issuance. At present, Jakarta has the capacity to\nissue municipal bonds of up to Rp20 trillion.<\/p>\n<p>\u201cSo Jakarta has the capacity for bonds of up to Rp20 trillion, but we\nare only using Rp3.5 trillion. So it remains very safe for Jakarta, and\nthe concern that it will become a burden for the next government will\ncertainly not materialise,\u201d said Pramono.<\/p>\n<p>It is understood that the DKI Jakarta provincial government plans to\nissue municipal bonds worth Rp3.5 trillion in June 2027. The bonds,\nwhich will be used to fund basic infrastructure development in Jakarta,\nare planned to have a tenor of seven years.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/jakarta-has-capacity-to-issue-bonds-up-to-rp20-trillion-1785847830",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}