JAKARTA, Jan. 13 (Xinhua) -- The Indonesian government has decided to stop the issuance of global bonds this year, Director of Debt Management of Finance Ministry Rahmat Waluyanto said here Wednesday.
"We stop issuing global bonds for this year," Waluyanto told Xinhua over phone.
The ministry issued 2 billion U.S. dollars global bonds on Tuesday to plug with the budget deficit this year. Demand of the bond has exceeded by more than two folds to 4.5 billion U.S. dollars, the ministry said.
Indonesian Finance Minister Sri Mulyani has said that the raising of the global oil price may lead the country budget deficit to expand from 1.6 to 2.2 percent of the GDP this year.
Trade Minister Mari Elka Pangestu has said that the country's export was forecast to grow over 5 percent this year as the global demands and prices of Indonesia's export product may soar this year.
Indonesia is the world's biggest palm oil producer and the world's second biggest rubber maker.
Then country's economy is forecast to grow at 5.5 percent in 2010, higher than the prediction in 2009 of 4.3 percent.
Indonesia still issues Islamic bond and retail bond.