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Indonesia’s foreign debt rises 3.7 percent in Q3

Indonesia reported the third quarter’s external debt at 423.1 billion USD, up 3.7 percent year on year.
Indonesia’s foreign debt rises 3.7 percent in Q3 ảnh 1The external debt of Indonesia increased 3.7 percent year on year in Q3 of 2021 (Photo: Nikkei Asia)
Jakarta (VNA) – Indonesia reported the thirdquarter’s external debt at 423.1 billion USD, up 3.7 percent year on year.

Headof the Communications Department of Bank Indonesia (BI) Erwin Haryono attributedthe debt growth to the increase in external debt in the public and privatesectors.

It was also statedthat 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. Bysector, the largest private external debt comes from the financial andinsurance services sector, the electricity, gas, steam/hot water and cold airsupply sector, the mining and quarrying sector, and the manufacturing industrysector, with a share of 76.4 percent of total private external debt, accordingto the official.

Heaffirmed that Indonesia's external debt in Q3 of 2021 remained under control,as reflected in the ratio of Indonesia's external debt to Gross DomesticProduct (GDP),which was maintained at around 37 percent, compared to the 37.5percent in the previous quarter./.

VNA
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