1. INDONESIA External Financing Needs 2003 January 21-22, 2003 The Consultative Group on Indonesia

2. The 2003 budget deficit in perspective (as a share of GDP) ?3.0-3.54.5-5.05.5-6.0 CGI amount requested ($ bn) 1.82.53.74.8 Fiscal Deficit (budgeted) 2003200220012000 Source: Ministry of Finance, World Bank Staff estimates

3. Disbursements of program and project finance: pledge and actual (US$ billions) 20002001 2002 (Pre.) Program Pledged2.72.61.3 Actual0.20.50.8 Difference2.52.10.5 Project Pledged2.02.21.8 Actual1.91.61.0 Difference0.10.60.8

4. Financing the 2003 deficit (as a share of GDP) 0.6 External financing External financing-0.1 o/w Others o/w Others 0.9 o/w IBRA asset sales o/w IBRA asset sales 0.4 o/w Privatization o/w Privatization 1.2 Domestic financing Domestic financing 1.8 Financing needed -1.8Deficits

5. The 2003 budget: External financing needs (US$ billion) 2.4-2.8 CGI Financing Requested 2.7 o/w CGI Financing o/w CGI Financing 0.6 o/w Non-CGI Financing o/w Non-CGI Financing 3.0 o/w Rescheduling o/w Rescheduling 6.3 Total Financing Needs 4.9Amortization 1.3 Net Disbursement

6. Long-Term Fiscal Sustainability (Government debt to GDP ratio) 30% 40% 50% 60% 70% 80% 90% 100% 20002001200220032004200520062007200820092010 Actual Projection High Case Scenario Low Case Scenario Base Case Scenario

7. Thank you!