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.
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./.
You should also see
World economy’s recovery drives Vietnam’s exports
With the recovery of the world market and increasing orders, Vietnam's import and export activities in the first quarter of 2024 prospered and achieved positive results.
See more
World
Argentinian scholar praises Vietnam’s April 30, 1975 victory
The complete reunification of Vietnam on April 30, 1975 was an extremely significant event in the history of the country and the world, opined a scholar from the Institute for International Relations at the National University of La Plata, Argentina.
World
Malaysia tackles food security challenges
Empowering local communities in the agriculture sector to attract young people to this field is one of the measures taken by Malaysia to address labour shortage while also contributing to tackling challenges in food security.
World
Danger warning issued for Thailand’s Bangkok as extreme heat bites
Thai authorities on April 24 issued an extreme heat warning for Bangkok, urging people to stay indoors for their safety as temperatures soared.
World
Schools in Philippines go online amid extreme heat
Record heat in the Philippines in April has forced schools to send children home for online classes.
ASEAN
UK supports ASEAN’s economic integration
The UK delegation to ASEAN held a seminar in Jakarta, Indonesia on April 24 to discuss the ASEAN-UK economic integration programme.
