Jakarta –
UK government debt rose above £ 2 trillion or around Rp. 39,092 (exchange rate Rp. 19,473) as of July 2020. This figure is the largest UK debt for the first time in history.
The drastic increase in debt was due to government spending which continued to increase during the Corona virus (COVID-19) pandemic which was used to deal with its effects.
Meanwhile, the government’s net debt originating not from commercial banks also rose to £ 2.004 trillion or around Rp.39,168 trillion. This is an increase of £ 230 billion of government debt in the same period in 2019, or the equivalent of 100.5% compared to the UK government budget. The ratio of government debt to the budget is the highest since 1961.
“Today’s numbers are a reminder that we must restore the country’s financial condition going forward, which will require difficult steps and decisions,” said UK Finance Minister Rishi Sunak. Reuters, Friday (21/8/2020).
In the April-July 2020 period, government debt jumped drastically to £ 150.5 billion or around Rp.2940 trillion. According to the British Office for National Statistics (ONS), the increase was three times higher than that of government debt in the previous fiscal year.
Watch Video “7 Government Debt to BUMN, Total Reaches IDR 108.48 Trillion“
[Gambas:Video 20detik]
(zlf/zlf)
– .
