Indonesia's external debt growth slows down in July
JAKARTA - Indonesia's External Debt (ULN) in July 2021 grew slower. Indonesia's external debt position at the end of July 2021 was recorded at US$415.7 billion or grew 1.7% (yoy), lower than the growth in the previous month of 2.0% (yoy). This development was mainly due to a slowdown in the growth of the Government's external debt.
Government external debt grew lower than the previous month. The position of the Government's external debt in July 2021 reached USD 205.9 billion or grew 3.5% (yoy), slowing compared to the growth in June 2021 of 4.3% (yoy).
Private external debt grew slightly compared to the previous month. Private external debt grew at a low 0.1% (yoy) in July 2021, after contracting 0.2% (yoy) in June 2021. The growth in private external debt was due to growth in external debt of non-financial companies by 1.5% (yoy). ), although slowing from 1.7% (yoy) in the previous month.
Erwin Haryono, Head of the Communications Department of Bank Indonesia said, 'The structure of Indonesia's external debt remains healthy, supported by the application of prudential principles in its management. Indonesia's external debt in July 2021 remained under control, as reflected in the ratio of Indonesia's external debt to Gross Domestic Product (GDP) which was maintained at around 36.6%, a decrease compared to the ratio in the previous month of 37.5%." (LM)