JAKARTA - Bank Indonesia (BI) has reported that the country's external debt reached US$413.4 billion in October 2020. The condition is considered adequate with prudent management.
According to BI Head of Communications Erwin Haryono, the external debt consisted of US$202.6 billion of public debt (the government and the central bank) and US$210.8 billion from the private sector. "The rate of external debt decreased compared to the same period last year due to a slowdown in government external debt," he said in a press release on Tuesday (15/12).
The external debt, Mr Haryono added, had a ratio of 38.8% against the gross domestic product (GDP), up from 38.1% in September. "The government and BI will remain in close coordination in order to maintain a healthy external debt structure," he said. (LK/MS)