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

Indonesia’s external debt at the end of July 2017 amounted to USD339.9 billion or grew 3.9% (yoy). Based on the group of borrowers, annual growth of private sector external debt declined, while public sector external debt increased. Private sector external debt amounted to USD165.5 billion (48.7% of total external debt), or down 1.2% (yoy), deeper than 0.7% (yoy) contraction recorded in June 2017. Meanwhile, public sector external debt stood at USD174,3 billion (51.3% of total external debt) or grew 9.2% (yoy), higher than 7,3% (yoy) in the previous month.

Based on original maturity, long-term external debt grew controllably while short-term external debt slowed. Long-term external debt grew 2.6% (yoy) in July 2017, relatively higher than 2.0% (yoy) in June 2017. On the other hand, short-term external debt grew 12.6% (yoy), lower than 14.3% (yoy) in the previous month. Long-term external debt stood at USD293.9 billion (86.5% of total external debt), consisted of public sector external debt amounted to USD171.5 billion (58.3% of total long-term external debt) and private sector external debt amounted to USD122.4 billion (41.7% of total long-term external debt). Meanwhile, short-term external debt stood at USD45.9 billion (13.5% of total external debt), comprised of private sector external debt amounted to USD43.1 billion (93.8% of total short-term external debt) and public sector external debt amounted to USD2.9 billion (6.2% of total short-term external debt).

Based on economic sector, the private external debt position at the end of July 2017 was mainly concentrated in the financial, manufacturing, mining, and electricity, gas & water supply sectors. The shares of these four sectors to total private sector external debt reached 76.3%. Compared to the previous month, the external debt growth of the manufacturing and electricity, gas & water supply sectors decreased. On the other hand, the annual external debt growths of financial and mining sectors were still in the negative territory.

Bank Indonesia views the development of external debt in July 2017 remains healthy and manageable. Bank Indonesia will persevere to monitor the development of external debt 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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