RI`s foreign debts down $2.1 billion

Jakarta (ANTARA News) - Indonesias foreign debts fell US$2.1 billion to US$302.4 billion at the end of the third quarter this year from US$304.5 billion a quarter earlier, according to Bank Indonesia (BI).

The private sectors foreign debts dropped US$1.7 billion mainly due to a decline in foreign debts of banks, while the public sectors foreign debts declined US$0.4 billion particularly caused by a drop in the governments foreign debts, Executive Director of BI Communication Department Tirta Segara said here Wednesday.

With the decline, the private sectors foreign debts reached US$168.2 billion or 55.6 percent of the overall foreign debts, and the public sectors foreign debts stood at US$134.2 billion or 44.4 percent of the overall foreign debts.

The growth of Indonesias foreign debts in the third quarter of 2015 also slowed down by 2.7 percent year-on-year (y-o-y), as compared to 6.2 percent y-o-y in the previous quarter.

The countrys foreign debts in the July to September 2015 quarter were dominated by long-term debts which accounted for 85.5 percent of the overall foreign debts.

The long-term debts mostly came from the public sectors foreign debts, reaching 50.8 percent of the overall foreign debts. The short-term debts were dominated by the private sectors foreign debts representing 93.7 percent of the overall short-term foreign debts.

Long-term foreign debts in the third quarter of 2015 grew 4.6 percent y-o-y, or less than 8.3 percent y-o-y, as recorded in the previous quarter.

However, the growth of short-term foreign debts further contracted to -7.2 percent y-o-y from -4.4 percent previously.(*)

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