Indonesia's external debt remained sound in April 2026. Indonesia's external debt in April 2026 was recorded at USD439.8 billion, with annual growth accelerating to 1.9% (yoy) from 1.0% (yoy) in March 2026. The latest developments were primarily driven by public sector external debt, while private sector external debt continued to contract.

Government external debt recorded a lower growth. The position of government external debt in April 2026 stood at USD216.4 billion, with an annual growth moderating to 3.7% (yoy) from 3.8% (yoy) in March 2026. This was primarily driven by slower growth of outstanding foreign loans. Meanwhile, foreign capital inflows to government securities (SBN) continued to book net inflows, reflecting sustained investor confidence in Indonesia's economic outlook. As one of the financing instruments of the State Revenue and Expenditure Budget (APBN), the government's external debt remained geared towards financing productive sectors, while maintaining prudent and sustainable debt management. By economic sector, government external debt was primarily utilised to support various sectors, including human health and social activities (22.0% of total government external debt); public administration, defence and compulsory social security (20.5%); education (16.2%); construction (11.5%); as well as transportation and storage (8.5%). Furthermore, government external debt remained dominated by long-term maturities, accounting for 99.99% of total government external debt.

Private external debt continued to contract. The position of private external debt in April 2026 was recorded at USD193.2 billion, with an annual growth contracting by 0.7% (yoy), following a 1.4% (yoy) decline in the previous period. This was mainly driven by external debt at financial corporations, which recorded an annual contraction of 5.0% (yoy), following a 6.3% (yoy) contraction in March 2026. By sector, the main contributors to private external debt were the manufacturing industry; financial and insurance services; electricity and gas supply; as well as mining and quarrying, collectively accounting for 79.6% of total private external debt. Moreover, private external debt remained dominated by long-term maturities, accounting for 75.8% of total private external debt.

Indonesia's external debt structure remained sound, supported by prudent management. This was reflected in the ratio of external debt to gross domestic product (GDP), which remained stable at 29.6% in April 2026, while long-term debt continued to dominate with a share of 84.5% of total external debt. Seeking to maintain a healthy external debt structure, Bank Indonesia and the Government will continue strengthening coordination to monitor external debt developments. Furthermore, the role of external debt will continue to be utilized prudently to support financing the development and promote sustainable national economic growth. Such efforts are undertaken by minimising the risks posed to economic stability.

The latest external debt data and metadata are presented in the publication of Indonesia's External Debt Statistics (SULNI), June 2026 edition​, on the Bank Indonesia website. This publication is also accessible through the Ministry of Finance website.