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3/17/2025 10:00 AM
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Indonesia's External Debt Remained Manageable in January 2025

Siaran Pers
Press Releases

No. 27/60/DKom 

Indonesia's external debt remained manageable in January 2025. The position of Indonesia's external debt in January 2025 was recorded at USD 427.5 billion, with growth accelerating to 5.1% (yoy) from 4.2% (yoy) in December 2024. The latest external debt developments were influenced by the public sector, which comprises the government and central bank.

Government external debt remained manageable. The position of government external debt in January 2025 stood at USD 204.8 billion, with growth accelerating to 5.3% (yoy) from 3.3% (yoy) in the previous month. The latest external debt developments were influenced by an influx of foreign capital inflows to international government securities (SBN) in line with maintained investor confidence in the promising domestic economic outlook for Indonesia. External debt, as a component of the State Revenue and Expenditure Budget (APBN) financing instruments, is consistently managed prudently and efficiently, and geared towards supporting government efforts to finance priority sectors. The government's external debt management, maintained within safe and manageable limits, aims to support economic growth momentum, including human health and social activities (22.6% of total government external debt); public administration, defence and compulsory social security (17.8%); education (16.6%); construction (12.1%); as well as insurance and financial services (8.2%). The current state of government external debt is remained manageable considering nearly all, or 99.9% of total government external debt is dominated by long-term maturities.

Private external debt tracked a downward trend. In January 2025, the position of private external debt was recorded at USD 194.4 billion, experiencing the same contraction as the previous month at 1.7% (yoy). Such developments were driven by financial corporations, which recorded a deeper 2.3% (yoy) contraction compared with 1.0% (yoy) the month earlier. By sector, the main contributors to private external debt were the manufacturing industry; insurance and financial services; electricity and gas supply; as well as mining and quarrying, collectively accounting for 79.4% of total private external debt. Furthermore, 76.6% of total private external debt was dominated by long-term tenors.

The structure of external debt in Indonesia remains sound, supported by prudential management. Such developments were reflected in a lower external debt to gross domestic product (GDP) ratio of 30.3% in January 2025, down from 30.5% in December 2024, with long-term debt dominating 84.7% of total external debt. Seeking to maintain a healthy structure, Bank Indonesia and the government will continue strengthening coordination to monitor external debt developments. The role of external debt will also continue to be optimized to support financing for development and promote sustainable national economic growth. Such efforts are undertaken by minimizing 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) March 2025​ edition on the Bank Indonesia website. This publication is also accessible via the Ministry of Finance website.

 

Jakarta 17th March 2025

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Halaman ini terakhir diperbarui 3/17/2025 10:13 AM
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