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The government’s payments for toll road bailout are still in arrears.
Indonesia is one of the most vulnerable countries against weakening corporate debt repayment capacity.
At least 13 toll road tariffs will increase until late 2019, such as the Jakarta-Tangerang Toll Road and Jakarta Inner Ring Road.
Foreign capital outflow reached US$ 1.2 billion until the third quarter of 2019, reflecting investor concerns on more slowdown in economic conditions due to political unrest.
The government is still pursuing funding through bonds issuance, eyeing Rp 7 trillion from five Sukuk series auction next week. It expects to invite more investors since the Sukuk auctions offer higher coupons than the bonds auctioned this week.
Asian Development Bank cut its growth estimates for Indonesia from 5.2 percent to 5.1 percent.
Indonesia's 10-year tenor credit default swap surged 556 basis points, triggered by a series of rallies that led to chaos, weak economic data, and volatile political situation.
Even though this year’s non-tax revenue gets a boost from Bank Indonesia’s reserve assets and the state-owned enterprises’ dividend, the government can no longer rely on it anymore in the future.