Indonesian Foreign Debt Up To 359.8 Billion US Dollars, Per October
PojokWarta. Bank Indonesia (BI) recorded Indonesia's foreign debt (ULN) at the end of October 2018, increasing from 359.8 billion US dollars at the end of last September to 360.5 billion US dollars. BI detailed, the debt consisted of central bank and government debt of 178.3 billion US dollars, as well as private debt and SOEs amounting to 182.2 billion US dollars. Although it is increasing, BI assesses that the debt is under control with a healthy structure. "Indonesia's external debt (ULN) at the end of October 2018 remains under control with a healthy structure," BI said through a written statement on its official website on Monday.
Indonesia's external debt at the end of October 2018 grew 5.3 percent (yoy), an increase compared to the previous month's growth of 4.2 percent (yoy). Increasing the growth of external debt, said BI originated from the growth of government external debt and private external debt.
The position of government external debt at the end of October 2018 was US $ 175.4 billion or grew by 3.3 percent (yoy), an increase compared to the previous month's growth of 2.2 percent (yoy). "Although the growth has increased, the nominal value of government external debt in October 2018 is lower than the position in September 2018 which reached 176.1 billion US dollars. The decrease was mainly due to the decline in loan and SBN positions held by salty investors," explained BI.
Meanwhile, the position of private external debt at the end of October 2018 grew 7.7 percent (yoy), up from the previous month's 6.7 percent (yoy) growth, mainly driven by growth in external debt in the electricity, gas, steam / hot water sector. (LGA). Most of the private external debt is owned by the financial and insurance services sector, manufacturing industry sector, LGA sector, and the mining and quarrying sector.
"The share of external debt in the four sectors to total private external debt reached 72.9%, relatively the same as the share in the previous month," said the written statement. The ratio of Indonesia's external debt to gross domestic product (GDP) at the end of October 2018 remained stable at around 34 percent. In addition, the structure of Indonesia's external debt remained dominated by long-term external debt which had a share of 86.9 percent of total external debt.
"The ratio is still better than the peers' country average," explained BI. "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," they said.
Indonesia's external debt at the end of October 2018 grew 5.3 percent (yoy), an increase compared to the previous month's growth of 4.2 percent (yoy). Increasing the growth of external debt, said BI originated from the growth of government external debt and private external debt.
The position of government external debt at the end of October 2018 was US $ 175.4 billion or grew by 3.3 percent (yoy), an increase compared to the previous month's growth of 2.2 percent (yoy). "Although the growth has increased, the nominal value of government external debt in October 2018 is lower than the position in September 2018 which reached 176.1 billion US dollars. The decrease was mainly due to the decline in loan and SBN positions held by salty investors," explained BI.
Meanwhile, the position of private external debt at the end of October 2018 grew 7.7 percent (yoy), up from the previous month's 6.7 percent (yoy) growth, mainly driven by growth in external debt in the electricity, gas, steam / hot water sector. (LGA). Most of the private external debt is owned by the financial and insurance services sector, manufacturing industry sector, LGA sector, and the mining and quarrying sector.
"The share of external debt in the four sectors to total private external debt reached 72.9%, relatively the same as the share in the previous month," said the written statement. The ratio of Indonesia's external debt to gross domestic product (GDP) at the end of October 2018 remained stable at around 34 percent. In addition, the structure of Indonesia's external debt remained dominated by long-term external debt which had a share of 86.9 percent of total external debt.
"The ratio is still better than the peers' country average," explained BI. "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," they said.
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