JAKARTA – Foreign debts of Indonesia declined to USD 409.5 billion in April 2022 from USD 412.1 billion in March 2022. This decrease resulted from the public sector foreign debts that were contracted 2.2%, compared to the same period in 2021. For reference, in March 2022, the same category only shrank 1% year-on-year (yoy).
Erwin Haryono, Executive Director and Head of Communication Department of Bank Indonesia (BI), claimed that the public sector foreign debts (government debts and central bank debts) in April 2022 arrived at USD 190.5 billion, sliding off from USD 196.5 billion reported in March 2022. This resulted from successful repayment of several matured government securities and the shift of fund placement by non-resident investors following the unstable global financial market.
Meanwhile, in April 2022, the private sector foreign debts reportedly reached USD 210.2 billion, 0.03% higher than in May 2021 but 1.6% lower than March 2022. The subtle growth of this debt category was triggered by the foreign debts of non-financial institution corporates that climbed 0.5% yoy.
“The foreign debts remain healthy, thanks to its prudence in the management. The ratio of foreign debts to gross domestic product is approximately 32.5%, declining from 33.8% in March 2022,” Haryono added. (LK/ZH)