Government Debt Reaches Rp 164.2 Trillion in February 2026, Down 33.2%

Jakarta — Indonesia’s government recorded budget financing for the 2026 State Revenue and Expenditure Budget (APBN) reaching Rp 164.2 trillion as of 28 February 2026.

Based on records from Indonesia’s Ministry of Finance, this financing position declined 33.2% compared to budget financing in the same period last year, which was Rp 246 trillion or approximately 47.1% of the APBN.

The realisation of budget financing accounted for 22.3% of the target budget deficit of Rp 832.2 trillion.

“Budget financing for 2026 is being managed well within controlled limits. The realisation by the end of February has reached Rp 185.3 trillion or 22.3% of the target,” said Deputy Minister of Finance Juda Agung during a press conference on the APBN KiTa, Tuesday (11 March 2026).

On the same occasion, Minister of Finance Purbaya Yudhi Sadewa announced that the State Revenue and Expenditure Budget for February 2026 recorded a deficit of Rp 135.7 trillion. This realisation is equivalent to 0.53% of Gross Domestic Product (GDP).

The APBN deficit means state revenue is lower than government expenditure. State revenue as of 28 February 2026 reached Rp 358 trillion, whilst government spending was realised at Rp 493.8 trillion. This revenue grew 12.8% year-on-year.

“This deficit remains in line with the 2026 APBN corridor,” he said.

Purbaya also explained the main reason for the APBN deficit under his leadership being large from the start of the year.

In fact, in the first two months of this year, January-February 2026, the APBN already recorded a deficit of Rp 135.7 trillion, an increase of 342.4% compared to the same period last year at Rp 30.7 trillion.

“Some people ask why last year there was a surplus and this year there is a deficit? Well, our APBN is designed to have a deficit,” Purbaya stated firmly.