The central bank of Indonesia (BI) has assessed the country’s foreign debt structure will remain healthy as the foreign debt to national gross domestic product (GDP) ratio remained stable at 34 percent as of late September 2018.
The central bank of Indonesia (BI) (Photo: Jakarta Post)
Jakarta (VNA) - The central bank of Indonesia (BI) has assessedthe country’s foreign debt structure will remain healthy as the foreign debt tonational gross domestic product (GDP) ratio remained stable at 34 percent as oflate September 2018.
The figure is still below the maximum limit set at 60 percent of the GDP in LawNo. 17 of 2003.
Foreign debt rose 5.3 percent to 360.5 billion USD year on year at the end ofOctober 2018, Indonesia’s News Agency Antara quoted the central bank’s statementas saying.
The debts increased by 0.19 percent as compared to 359.7 billion USD recordedin September 2018.
Indonesia’s foreign debts at the end of October 2018 comprised 178.3 billion USDof government and central bank debt.
The government`s foreign debts rose by 3.3 percent year on year to 175.4billion USD, while the central bank’s foreign debts reached 2.9 billion USD.
The private sector’s debts rose by 7.7 percent year on year to 182.2 billionUSD. As of late October 2018, the private sector’s foreign debts constituted 32.5billion USD incurred by bank financial institutions and 10 billion USD bynon-bank financial institutions. The foreign debts borne by non-financialinstitution debtors reached 139.6 billion USD.
The private sector’s foreign debts were fuelled by the growth of foreign debtsin the electricity, gas, steam/hot water (LGA) sector. Most of the privatesector’s foreign debts were incurred by financial service and insurancecompanies, manufacturing firms, LGA companies, and mining and extractingcompanies.-VNA
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The central bank of Indonesia (BI)
