Indonesia’s external debt reaches USD 439.8 billion, BI: Still healthy
JAKARTA - Indonesia’s external debt (ULN) reached USD 439.8 billion in April 2026. The figure grew 1.9% compared with the same period last year, higher than the 1.0% growth recorded in March 2026.
Bank Indonesia (BI) Executive Director of the Communications Department Ramdan Denny Prakoso said the increase in external debt was mainly supported by growth in public sector debt amid continued contraction in private sector debt.
“Indonesia’s government external debt stood at USD 216.4 billion in April 2026, or grew 3.7%, slightly slower than the 3.8% growth in the previous month. The development was mainly influenced by slower growth in government external loans,” Denny wrote in an official statement on Monday (15/6).
Based on economic sectors, the largest portion of government external debt was used for health services and social activities at 22.0%, followed by government administration, defence, and mandatory social security at 20.5%, education services at 16.2%, construction at 11.5%, and transportation and warehousing at 8.5%.
Government debt was almost entirely in the form of long-term debt, accounting for 99.99% of total government external debt.
Meanwhile, private sector external debt stood at USD 193.2 billion in April 2026, or continued to contract by 0.7%. However, the decline was lower than the 1.4% contraction recorded in March 2026.
Denny added that the contraction in private sector external debt mainly came from financial institutions, which recorded a 5.0% decline, improving from a 6.3% decline in the previous month.
The four sectors with the largest contributions to private sector external debt were manufacturing, financial services and insurance, electricity and gas supply, and mining and quarrying. These four sectors accounted for 79.6% of total private sector external debt.
Private sector debt was also still dominated by long-term debt, with a portion of 75.8% of total private sector external debt.
On the other hand, BI said Indonesia’s external debt structure remains healthy. The external debt-to-gross domestic product (GDP) ratio was stable at 29.6% in April 2026.
External debt was also dominated by long-term debt, with a share of 84.5% of total external debt.
“Indonesia will continue to optimise the role of external debt in supporting development financing and encouraging sustainable national economic growth. These efforts are carried out by minimising risks that could affect economic stability,” Denny concluded. (DH/ZH)
