Indonesia’s External Debt Remained Manageable - Bank Sentral Republik Indonesia
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November 20, 2017

Indonesia’s external debt at the end of August 2017 amounted to USD340.5 billion or grew 4.7% (yoy). Based on the group of borrowers, private sector external debt stood at USD165.6 billion (48.6% of total external debt) or grew 0.1% (yoy), after decreased 1.1% (yoy) on July 2017. Meanwhile, public sector (government and central bank) external debt amounted to USD174.9 billion (51.4% of external debt) or grew 9.5% (yoy), slightly increased from 9.2% (yoy) in the previous month.

Based on original maturity, long-term and short-term external debt growth remained manageable. Long-term external debt grew 3.3% (yoy) at the end of August 2017, slightly increased from 2.6% (yoy) in the previous month. Meanwhile, short-term external debt grew 14.6% (yoy), higher than 13.1% (yoy) in the previous month. Long-term external debt totaled USD294.7 billion (86.5% of external debt), consists of public sector (government and central bank) external debt amounted to USD172.6 billion (58.6% of long-term external debt) and private sector external debt totaled USD122.1 billion (41.4% of long-term external debt). On the other hand, short-term external debt stood at USD45.8 billion (13.5% of short-term external debt), consists of private sector external debt amounted to USD43.5 billion (94.9% of short-term external debt) and public sector (government and central bank) external debt totaled USD2.3 billion (5.1% of short-term external debt).

Based on economic sector, the private external debt position at the end of August 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 76.8% and increased compare to the previous month. The increase was mainly driven by the increase of external debt growth of the manufacturing and electricity, gas & water supply sectors, while the external debt growth of financial and mining sectors were still in the negative territory.

Bank Indonesia views the development of external debt at the end of August 2017 remains healthy and manageable. This is reflected in, among other, the Indonesia’s external debt to gross domestic product (GDP) ratio being relatively stable at around 34% at the end of August 2017. The ratio is also better than that of the average peer countries. 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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