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Indonesia's foreign debt drops 3.8 percent in Q3

Indonesia's foreign debt, which includes government and private sector borrowings, in the third quarter of this year was recorded at 408.5 billion USD, a drop by 3.8 percent year-on-year, compared to 5.1 percent in the previous quarter, Bank Indonesia (BI) announced on November 16.
Jakarta (VNA) - Indonesia'sforeign debt, which includes government and private sector borrowings, in thethird quarter of this year was recorded at 408.5 billion USD, a drop by 3.8percent year-on-year, compared to 5.1 percent in the previous quarter, BankIndonesia (BI) announced on November 16.

Onny Widjanarko, spokespersonof Bank Indonesia, said that the deceleration was mainly influenced by privatesector external debt repayment transactions.

According to the BI's latestdata, the public sector debt, which is raised by the government and the centralbank, amounted to 200.2 billion USD, whereas the private sector's externaldebt, which includes borrowings of the country's state-owned enterprises, was 208.4billion USD.

Specifically, thegovernment's foreign debt grew at a slower rate at 1.6 percent year on year bythe end of September to 197.4 billion USD, lower than 2.1 percent by the end ofJune.

On the same day, StatisticIndonesia (BPS) said the country’s trade surplus reached 3.61 billion USD inOctober, higher than the 2.44 billion USD recorded in the previous month.

Indonesian exports totalled 14.39 billion USD, up 3.09 percent from theprevious month, while imports fell 3.29 percent to 10.78 billion USD./.
VNA
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