Jakarta (VNA) -Indonesia's foreign debt has exceeded 400 billion USD as of November2023, up 2% year-on-year, Bank Indonesia (BI) has announced.
The central bank said thatthe Southeast Asian country's foreign debt remains under control.
As reported by the local newssite tempo.com, BI Assistant Governor Erwin Haryono said in an officialstatement on January 15 that the position of government foreign debt isrelatively safe and under control considering that almost all external debt haslong-term tenors with a share of 99.8% of the total government externaldebt.
According to the official, theexpansion of foreign loans was mainly caused by the public sector's external debttransactions. Indonesia's maintained foreign debt in November 2023 can be seenfrom the ratio of external debt to Gross Domestic Product (GDP) of 29.3%.Another indication is the dominance of long-term foreign debt, which accountedfor 87.1% of the total.
On a monthly basis, last year’sNovember foreign debt position stood at 192.6 billion USD, up 6% year on year.
Based on the economic sector,the private sector's biggest foreign debt was from the processing industry;financial services and insurance industry; electricity, gas, steam/hot waterand cold air procurement; as well as mining and quarrying, which made up of78.6% of the total debt.
Erwin said that privatesector's foreign debt was still dominated by long-term loans, which accountedfor 75.5% of the total debt./.
The central bank said thatthe Southeast Asian country's foreign debt remains under control.
As reported by the local newssite tempo.com, BI Assistant Governor Erwin Haryono said in an officialstatement on January 15 that the position of government foreign debt isrelatively safe and under control considering that almost all external debt haslong-term tenors with a share of 99.8% of the total government externaldebt.
According to the official, theexpansion of foreign loans was mainly caused by the public sector's external debttransactions. Indonesia's maintained foreign debt in November 2023 can be seenfrom the ratio of external debt to Gross Domestic Product (GDP) of 29.3%.Another indication is the dominance of long-term foreign debt, which accountedfor 87.1% of the total.
On a monthly basis, last year’sNovember foreign debt position stood at 192.6 billion USD, up 6% year on year.
Based on the economic sector,the private sector's biggest foreign debt was from the processing industry;financial services and insurance industry; electricity, gas, steam/hot waterand cold air procurement; as well as mining and quarrying, which made up of78.6% of the total debt.
Erwin said that privatesector's foreign debt was still dominated by long-term loans, which accountedfor 75.5% of the total debt./.
VNA
