BERJUANG MENGHINDARI JEBAKAN HUTANG MELALUI PENGELOLAAN APBN YANG SARAT BEBAN

Abstract

Impact on the lives of the national economy, the budget and the economic future of Indonesia came from foreign debt policy. The existence of both debt principal and interest, causing the loss of economic welfare as measured by the amount of utility lost from the state as a result of various payments. Foreign debt in its implementation does not add to the improvement of productivity and economic efficiency as well as contrary to the philosophy of the debt policy that serves as a complement to the main pillar supporting the budget. Indonesia is a large debtor. Developed countries as the creditors are always working to preserve the superior position in the constellation of global political economy. Government of Indonesia to the conversion of debt in the third period. However, the additional debt also generate additional GDP, so that the debt ratio to decline. Even at the end of 2011 Indonesia was back in the investment grade ratings from international rating agencies one. Keywords : debt trap, debt swap, investment grade