TEMPO.CO, Jakarta - Bank Indonesia (BI) noted that the state's foreign debt was growing at the end of October 2020. The position of Indonesia's external debt in that period was recorded at US$413.4 billion or around Rp5,858.29 trillion.

The figure is composed of US$202.6 billion of public sector debt, namely the government and Central Bank and private sector, and US$210.8 billion of SOE debts.

"Indonesia's foreign debt growth at the end of October 2020 was 3.3 percent (year-on-year), slower than the previous moths growth rate of 3.8 percent (yoy), mainly due to the slowdown in government foreign debt," BI spokesman Erwin Haryono said in a written statement, Tuesday, December 15.

In October, the government's foreign debt grew 0.3 percent on an annual basis to US$199.8 billion, a slower than September's growth of 1.6 percent (yoy).

The slowdown, Erwin said, was influenced by the repayment of the government's foreign loans amid the return of foreign capital inflows in the government securities (SBN) market, as global financial markets uncertainty begins to subside.

Meanwhile, privates' foreign debt in October grew higher by 6.4 percent (yoy), inching up from September's growth rate of 6.1 percent (yoy).

Based on the sectors, privates' biggest debt component came from the financial services and insurance sector; electricity, gas, steam / hot and cold air (LGA) sector; mining and quarry; and the manufacturing sector, all of which accounted for 77.4 percent.

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