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Foreign debt of Indonesia increases in May

Foreign debt of Indonesia rose 5.5 percent year-on-year to 333.6 billion USD in May while public debt increased 11.8 percent to 168.4 billion USD, reported the Central Bank of Indonesia (BI).
Foreign debt of Indonesia increases in May ảnh 1Foreign debt of Indonesia rises 5.5 percent year-on-year to 333.6 billion USD in May (Photo: VNA)

Jakarta (VNA) – Foreign debt ofIndonesia rose 5.5 percent year-on-year to 333.6 billion USD in May whilepublic debt increased 11.8 percent to 168.4 billion USD, reported the CentralBank of Indonesia (BI).

In an official statement on statistics offoreign debt, the BI said public debt accounts for 50.5 percent of Indonesia’stotal foreign debt.

Meanwhile, in the same month, privatesector debt dropped 0.1 percent compared to the same period last year to 165.2billion USD, or 49.5 percent of the country’s foreign debt. The decline wasslower than that in April, when private sector debt decreased 3.2 percentyear-on-year. According to the BI’s statistics, foreign debt of the privatesector is mainly of financial organisations.

[Indonesia’s June export hits 11.64 billion USD]

The BI said though foreign debt increasedlast May, it remains stable. The bank affirmed that it will continue to monitorthe trend of foreign debt, especially in private sector.-VNA

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