Jakarta Governor Assures Rp 3.5 Trillion Bond Issuance Will Not Burden City Finances
Jakarta Governor Pramono Anung has stated that the planned issuance of local bonds worth IDR 3.5 trillion will not burden the city's finances. The governor expressed optimism that Jakarta's fiscal capacity is sufficient to repay the principal and interest within the seven-year tenor, assuring investors of timely returns. This bond issuance is part of a 'creative financing' scheme to support development and has received support from the Coordinating Ministry for Economic Affairs, with further consultations planned with the Ministry of Home Affairs.
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