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Indonesia records external debt in Q4 2021 at US$415.1 billion

15 February 2022 11:31

JAKARTA - Indonesia's External Debt (ULN) in the fourth quarter of 2021 decreased. Indonesia's external debt position at the end of the fourth quarter of 2021 was recorded at USD415.1 billion, down from the position of external debt in the previous quarter of USD424.0 billion. This development was caused by a decline in the position of external debt in the public sector (Government and Central Bank) and the private sector. On an annual basis, the position of external debt in the fourth quarter of 2021 contracted 0.4% (yoy), after growing 3.8% (yoy) in the previous quarter.

The Government's external debt in the fourth quarter of 2021 decreased compared to the previous quarter. The position of the Government's external debt in the fourth quarter of 2021 amounted to USD200.2 billion, a decrease from the previous quarter's position of USD205.5 billion. This caused the Government's external debt to contract by 3.0% (yoy), after growing 4.1% (yoy) in the third quarter of 2021.

Private external debt declined compared to the previous quarter. Private external debt stood at USD205.9 billion in the fourth quarter of 2021, down from USD209.3 billion in the third quarter of 2021. On an annual basis, private external debt contracted 0.9% (yoy), after growing 0.6% ( yoy) from the previous quarter in line with net repayments of loans and other debts during the fourth quarter of 2021.

Erwin Haryono, Head of the Communications Department of Bank Indonesia said, "Indonesia's external debt in the fourth quarter of 2021 remained under control, as reflected in the ratio of Indonesia's external debt to Gross Domestic Product (GDP) which was maintained at around 35.0%, down from the ratio in the previous quarter of 37.0%. In addition, the structure of Indonesia's external debt remains healthy, as indicated by a more dominant long-term external debt with a share of 88.3% of total external debt.” (LM)

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