Table of Contents
    Chapter 1                                       15.  Project & Program Loans Drawing, 
    Background, Debt Policy & Management and             2006-2009
         its Objectives, Debt Instruments, Legal    16.  Project Loans Drawing, 2010
         Basis                                      17.  Project Loans Drawing, 2010 (chart)
    1.   Background (1)                             Chapter 3
    2.   Background (2)                             Debt Portfolio – Outstanding, Debt Maturity 
    3.   Debt Policy & Management and its                Profile, Government Securities 
         Objectives                                      Development and Foreign Loans
    4.   Debt Instruments (1)                       18.  Government Debt Outstanding, 2001-
    5.   Debt Instruments (2)                            2010
    6.   Debt Management: Legal Basis               19.  Trend of Government Debt Outstanding, 
    Chapter 2                                            1998-2010
    State Budget, Deficit and its Financing         20.  Debt Maturity Profile as of Dec 31th, 
                                                         2010
    7.   State Budget, fiscal year 2010 & 2011
                                                    21.  Government Securities, December 2007 
    8.   Fiscal deficit and State Budget                 –  Dec 31th, 2010
         Financing, 2000-2011
                                                    22.  Foreign Loans by Creditor Types, 1998-
    9.   Global Deficit and Deficit in Various           2010
         Countries, 2007-2010
                                                    23.  Foreign Loans by Creditor Types, 2001-
    10.  Financing Development, 2008-2011                2010
    11.  Debt Financing Development, 1998-          24.  Foreign Loans by Sector, 2005-2010
         2011
                                                    25.  Foreign Loans by Sector, 2005-2010 
    12.  Realization of Government Securities,           (chart)
         2010
                                                    26.  Government Debt by Currency, 2001-
    13.  Program Loans, 2006-2010                        2010
    14.  Foreign Loans Financing 2001-2011          27.  Government Debt by Currency, 2000-
                                                         2010
                                                    28.  Foreign Loans Drawing by Financing 
                                                         Type, 2006-2011
                                   Table of Contents
    Chapter 4                                       40.  Debt Service to International Reserve 
    Debt Management’s Performance – Debt                 Ratio, 1999-2010
         Performance Measurement and                41.  Debt-to-GDP Ratio: Countries 
         Comparison, Loan Disbursement,                  Comparison in 2008 and 2003-2010
         Government Debt Securities Re-             42.  External Debt to GDP Ratio in 2008 and 
         profiling                                       2003-2008
    29.  Debt-to-GDP Ratio, 1999-2011               43.  Debt per capita in Various Countries, 
    30.  Debt-to-GDP Ratio – Countries                   2001-2010
         Comparison, 1999-2010                      44.  Debt per capita: Countries Comparison 
    31.  Debt-to-GDP Ratio in Various Countries,         in 2008 and 2003-2010
         2008-2014                                  45.  Debt to revenue ratio: Countries 
    32.  Maturity Profile of Tradable                    Comparison in 2008 and 2003-2008
         Government Securities, end of 2001         46.  Interest payment to GDP ratio in 
         and Dec 31th, 2010                              Various Countries, 1998-2007
    33.  Debt Switching and Govt. Securities        Chapter 5 
         Buyback
                                                    Costs of Borrowing – Cost of Fund, Yield 
    34.  Debt Swap to Reduce Debt                        Curve, External Debt’s Costs
    35.  Restructurisation 2003                     47.  Interest to revenue and expense ratio, 
    36.  Restructurisation 2006                          2001-2011
    37.  Restructurisation 2008: interest           48.  Interest to Total Debt ratio, 2001-2011
         structure restructurisation SU-002 &       49.  Interest payment to revenue ratio in 
         SU-004                                          Selected Countries, in 2008 and 2003-
    38.  Foreign Loans Disbursement                      2008
         Performance, 1997 – Dec 31th, 2010
    39.  External Debt Service: Countries 
         Comparison in 2008 and 2003-2008
                                   Table of Contents
    50.   Interest Payment Realization 2002-        59.  Spread over 5 years US Treasury Bill
          2010                                      60.  Spread over 10 years US Treasury Bill
    51.   Program Loans: Cost Structure             61.  Spread over Feb 38 US Treasury Bill
    52.   Cost of Fund of Government Securities,  Chapter 7
          Rupiah denominated
                                                    Rating, Supreme Audit Agency Opinion, 
    53.   Yield Curve Trend of Govt. Debt                HIPICs and Conclusion 
          Securities, foreign currency 
          denominated                               62.  Indonesian Credit Rating
    Chapter 6                                       63.  Indonesian Credit Rating Development 
                                                         (1)
    Performance of Secondary Market for Govt. 
          Securities – Trading Volume, Govt.        64.  Indonesian Credit Rating Development 
          Securities’ Ownership Structure                (2)
    54.   Average Daily Trading of Rp               65.  Indonesian Sovereign Rating – 
          denominated Govt. Securities in                Performance Upgrading (1)
          Secondary, as of Dev 31 th 2010           66.  Indonesian Sovereign Rating – 
    55.   Govt. Securities Ownership Structure           Performance Upgrading (2)
          by Bank and Non Bank, as of Dec 31 th     67.  Supreme Audit Agency Opinion on 
          2010                                           Government’s Financial Report 2009
    56.   Govt. Domestic Securities Ownership       68.  GDP per capita of HIPICs and Debt-
          Structure by Investor Types                    relief Countries
    57.   Govt. Domestic Securities Ownership       69.  Conclusion
          share by Investor Types
    58.   Govt. Securities Ownership by foreign 
          investor classified by maturity
            Chapter 1
       Background, Debt Policy & 
     Management and its Objectives, 
      Debt Instruments, Legal Basis
                   Background (1)
    Debt management and policy is an integral 
     part of fiscal policy which also constructs 
     economic policy and management in general.
    Ultimate objectives of economic management:
     Welfare creation and maintenance in the form 
       of:
      Reducing unemployment.
      Poverty alleviation.
      Spur more growth in the eonomy.
     Security and stability enhancement.
    Debt is materialized if state budget is in 
     deficit.