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Indonesia’s Economy 10 Years after the Crisis

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  • Stephen Schwartz

    (IMF)

Abstract

This paper examines the dynamics of the Indonesian government’s debt during the period of 1988-2001, its estimation and the impact on the government budget until 2007, by using the Branson model and the Present Value Constraint for the budget.Based on the evaluation, it can be concluded that after the crisis in 1997-1998, public debt movements tended to be explosive and, consequently, caused the budget condition to be relatively unsustainable. The discussion also concludes that at least for the medium-term, there should be a serious effort to reduce the budget deficit to achieve a sustainable fiscal condition. Even though the analysis covers only the period up to 2007, some lessons to be learned and strategic steps for the future are presented, both for the revenues and expenditures side.

Suggested Citation

  • Stephen Schwartz, 2007. "Indonesia’s Economy 10 Years after the Crisis," Economics and Finance in Indonesia, Faculty of Economics and Business, University of Indonesia, vol. 55, pages 295-298, December.
    • Handle: RePEc:lpe:efijnl:200715
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