Medium-term debt strategy 2024-2026

Abstract

In accordance with the Fiscal Responsibility Act (Law Number 7/2013), the Government is obligated to present a Medium-Term Debt Strategy (MTDS) Statement to the Public Accounts Committee of the People's Majlis by the end of July each year. This strategy has been prepared in accordance with the requirements stipulated in Article 22. The information includes the following: Targets for public debt. Target for the ratio of total public debt to gross domestic product (GDP). Target ratio of external and domestic debt. Ongoing and planned measures to mitigate risks associated with public debt. Specifics regarding the utilization of borrowed funds. This report provides an overview of the risks associated with the government's debt portfolio as of 2022 and presents a forecast of the risks expected in the portfolio for 2023. It also covers the cost of debt servicing, the status of the international debt capital market, and outlines how the government intends to uphold and implement the MTDS while adhering to the parameters established by the government to manage the debt portfolio effectively.