Indonesia's Foreign Debt Drops to Rp5,964tn per July

TEMPO.CO, Jakarta - Bank Indonesia or BI recorded the country's foreign debt position at US$400.4 billion, or around Rp5,964 trillion, at the end of July 2022. The volume is down from the previous month's US$403.6 billion or around Rp6.012 trillion.

On a year-on year basis, the foreign debt in July was down by 4.1 percent, a deeper contraction than June's 3.2 percent (yoy).

"This development was caused by a decline in external debt from the public sector (Government and Central Bank) as well as the private sector," the central bank's head of communications Erwin Haryono said in a written statement, Thursday, September 15.

Indonesia's foreign debt to GDP ratio in July was in the range of 30.7 percent, a decrease from June's 31.8 percent.

The external debt was still dominated by long-term debt, with 86.8 percent of the total.

Based on category, government debt stood at US$185.6 billion, down from the previous month's US$187.3 billion. Meanwhile, the portion of private companies' foreign debt was US$206.3 billion.

Annually, the government's foreign debt in July was down by 9.9 percent, while privates' debt was down by 1.2 percent.

TEMPO

Click here to get the latest news updates from Tempo on Google News