Private’s External Debt Growth Still Declined - Bank Sentral Republik Indonesia
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November 20, 2017

Indonesia’s external debt in January 2017 amounted to USD320.3 billion or grew 3.4% (yoy). Based on the group of borrowers, annual growth of public sector external debt increased, while annual growth of private sector external debt declined. Public sector external debt in January 2017 stood at USD161.2 billion or grew 12.4% (yoy), higher than previous month growth of 11.0% (yoy). Meanwhile, private sector external debt position in January 2017 stood at USD159.0 billion or down 4.3% (yoy), smaller than 5.9% (yoy) decline in December 2016.

Based on original maturity, both long-term external debt growth and short-term external debt growth increased.Long-term external debt grew 1.9% (yoy), higher than 1.1% (yoy) growth in December 2016, while short-term external debtgrew 14.7% (yoy), much higher than 6.7% (yoy) growth in December 2016. With these development, long-term external debt still dominated Indonesia’s external debt in January 2017 which stood at USD277.0 billion, or 86.5% of total external debt. Long-term external debt consisted of public sector external debt amounted to USD159.2 billion (57.5% of total long-term external debt) and private sector external debt amounted to USD117.8 billion (42.5% of total long-term external debt). Meanwhile, short-term external debt amounted to USD43.3 billion (13.5% of total external debt), comprised of private sector external debt amounted to USD41.3 billion (95.4% of total short-term external debt) and public sector external debt amounted to USD2.0 billion (4.6% of total short-term external debt).

Based on economic sector, the private external debt position at the end of January 2017 was mainly concentrated in the financial, manufacturing, mining, and electricity, gas and water supply sectors. The shares of these four sectors to total private sector external debt reached 76.6%. Compared to the previous month, the year-on-year external debt growth of the electricity, gas and water supply sector increased. Furthermore,the annual external debt growth of mining sector, manufacturingsector, and financial sector were still in the negative territory

Bank Indonesia views the development of external debt at in January 2017 remains healthy but continues to be vigilant about the risks to the national economy. Moving forward, Bank Indonesia will persevere to monitor the development of external debt, particularly the private sector external debt. It is intended to give assurance that the external debt can play an optimal role in supporting development financing without incurring the risks that may affect macroeconomic stability.

The complete data concerning the Indonesia’s external debt can be found in the latest External Debt Statistics of Indonesia in Bank Indonesia website.

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