Indonesia’s Foreign Debt Drops to US$411.5 Bn in Q1

TEMPO.CO, Jakarta – Financial institution Indonesia (BI) famous that Indonesia’s international debt stood at US$411.5 billion on the finish of Q1/2022. The worth is decrease in comparison with the earlier quarter when it reached US$415.7 billion.

“This was because of the declines in international money owed owed by the general public sector (the federal government’s and the central financial institution’s) in addition to the non-public sector,” BI chief of communications Erwin Haryono mentioned on Could 19.

The federal government’s international debt in Q1/2022 stood at US$196.2 billion, down from This fall/2021’s US$200.2 billion.

“The decline occurred in step with the maturity of a number of Authorities Securities (SBN)—each home SBN and international forex SBN, in addition to the web reimbursement of maturing loans from January to March 2022; most of which had been bilateral loans,” he mentioned.

In the meantime, privates’ international debt in Q1/2022 was recorded at US$206.4 billion, down from the earlier quarter’s US$206.5 billion within the fourth quarter of 2021.

On a year-on-year foundation, Q1’s international debt quantity was contracted by 1.1 %, an even bigger decline in comparison with This fall/2021’s 0.3 % (yoy) contraction.

Indonesia’s international debt-to-GDP ratio is presently 33.7 %, a decline from the earlier quarter’s 35.0 %.

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Muhammad Hendartyo