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Q3 foreign debts rise to US$395.6bn

Tempo - November 15, 2019

Muhammad Hendartyo, Jakarta – Bank Indonesia (BI) noted the state's foreign debt at the end of the Q3/2019 was US$395.6 billion; comprising of US$197.1 billion government and central bank's debts and US$198.5 billion by the private sector, including SOEs.

BI executive director of communication Onny Widjanarko said Indonesia's external debts in Q3 is under control, with a sound healthy.

"Indonesia's external debt grew 10.2 percent (YoY); relatively stable compared to the growth in the previous quarter which was influenced by increased government external debts amid declining private foreign debts," Onny said in a written statement, Friday, November 15.

He said that the growth of government external debts is in line with foreign investors' optimism on Indonesia's economic prospects.

The government's foreign loan at the end of Q3 was US$194.4 billion, up by 10.3 percent (YoY) from Q3/2018. In Q2/2019.

Meanwhile, the private sector's debt grew at a slower pace compared to Q2 by 10.4 percent. In Q2, the growth was 11.3 percent (YoY).

"The slowdown in private foreign loans was mainly due to a decrease in banks' foreign debt," Onny said.

Source: https://en.tempo.co/read/1272645/q3-foreign-debts-rise-to-us395-6bn