No.28/221/DKom
Indonesia's external debt position remained maintained in August 2026. The position of external debt in Indonesia in August 2026 stood at USD459.3 billion, growing by 5.6% (yoy). This development was primarily driven by an increase in public external debt, comprising government and central bank external debt, amid a decline in private external debt.
The position of government external debt in August 2026 was recorded at USD220.9 billion, growing by 3.3% (yoy). This was influenced by capital inflows into Government Securities (SBN), reflecting maintained investor confidence in Indonesia's promising economic outlook. The Government remains committed to maintaining credibility by fulfilling principal and interest payment obligations on time, while managing external debt prudently, measurably, and flexibly to achieve efficient and optimal financing. As one of the financing instruments of the State Revenue and Expenditure Budget (APBN), the utilisation of external debt remains geared towards financing productive sectors, while maintaining sustainable external debt management. By economic sector, the utilisation of government external debt was utilised, among others, to support human health and social activities (22.0% of total government external debt), public administration, defence and compulsory social security (20.7%), education (16.2%), construction (11.4%), as well as transportation and storage (8.5%). Meanwhile, the increase in central bank external debt was primarily driven by increased non-resident holdings of Bank Indonesia Rupiah Securities (SRBI), in line with pro-market monetary operations to support Rupiah exchange rate stability.
The position of private external debt in August 2026 stood at USD195.6 billion, representing an annual contraction of 0.8% (yoy). The decline was attributable to lower external debt of nonfinancial corporations and financial corporations, which contracted by 0.8% (yoy) and 0.6% (yoy), respectively. By sector, private external debt was primarily concentrated in the manufacturing industry, insurance and financial services, electricity and gas supply, as well as mining and quarrying, collectively accounting for 80.5% 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 was recorded at 30.9% in August 2026, with long-term debt accounting for the largest share. The Government external debt also remained sound, as reflected by almost all government external debt was long-term. Private external debt was also dominated by long-term debt. Bank Indonesia and the Government continue to strengthen coordination in monitoring and managing external debt to optimise its role in financing development and promoting sustainable national economic growth.
The latest external debt data and metadata are presented in the publication of Indonesia's External Debt Statistics (SULNI), October 2026 edition, covering data through to August 2026, on the Bank Indonesia website. This publication is also accessible via the Ministry of Finance website.
Jakarta, 15th October 2026
Communication Department
Ramdan Denny Prakoso
Executive Director
