Indonesia’s External Debt Remains Controlled - Bank Sentral Republik Indonesia
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June 26, 2019

Indonesia’s external debt at the end of October 2018 remains controlled with healthy structure. The position of Indonesia's external debt at the end of October 2018 was USD360.5 billion, consisting of government and central bank debt of USD178.3 billion, and private including state-owned enterprises debt amounting to USD182.2 billion. Indonesia's external debt at the end of October 2018 grew 5.3% (yoy), higher than the previous quarter's growth of 4.2% (yoy). The increase in the external debt growth was resulted from growing government and private external debt growth.

Government external debt growth increased in October 2018. The outstanding of government external debt at the end of October 2018 was USD175.4 billion or grew 3.3% (yoy), increasing from 2.2% (yoy) in the previous month. Despite the higher growth, the Government's external debt position went down from the end of September 2018 level of USD176.1 billion. The decrease in debt stock was due to the decline in the outstanding of loans and Government Securities (SBN) held by foreign investors.

Private external debt in October 2018 increased. The position of private external debt at the end of October 2018 grew 7.7% (yoy), up from the previous month growth of 6.7% (yoy), mainly driven by external debt growth of the electricity, gas, and water supply sector. The private external debt was mainly incurred by the financial and insurance services sector, manufacturing sector, electricity, gas, and water supply sector, as well as the mining sector. The share of the four sector external debt to the total private external debt reached 72.9%, relatively the same compared to the share in the previous month.

The structure of Indonesia's external debt remains healthy. This is reflected in, among others, the ratio of Indonesia's external debt to Gross Domestic Product (GDP) at the end of October 2018 which was stable at around 34%. The ratio is still better than the peers' average. In addition, the structure of Indonesia's external debt remained dominated by long-term external debt amounting to 86.9% of the total external debt. Bank Indonesia and the Government continue to coordinate to monitor the development of external debt and optimize its role in supporting development financing, without creating risks that can affect economic stability.

The complete data on the latest Indonesian external debt and its metadata can be obtained from the publication of the Indonesian Foreign Debt Statistics (SULNI) December 2018 edition on the Bank Indonesia website. This publication can also be accessed through the Ministry of Finance website.

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