The external debt of Indonesia increased 3.7 percent year on year in Q3 of 2021 (Photo: Nikkei Asia) Head of the Communications Department of Bank Indonesia (BI) Erwin Haryono attributed the debt growth to the increase in external debt in the public and private sectors.
It was also stated that the government's external debt position in Q3 of 2021 was 205.5 billion USD, rising 4.1 percent from a year earlier.
Meanwhile, private external debt increased by 0.2 percent year on year to 208.5 billion USD. By sector, the largest private external debt comes from the financial and insurance services sector, the electricity, gas, steam/hot water and cold air supply sector, the mining and quarrying sector, and the manufacturing industry sector, with a share of 76.4 percent of total private external debt, according to the official.
He affirmed that Indonesia's external debt in Q3 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 37 percent, compared to the 37.5 percent in the previous quarter./.
VNA
