Indonesia`s foreign debts up 7 percent to US$372.9 billion

Indonesia`s foreign debts up 7 percent to US$372.9 billion

ILLUSTRATION (ANTARA /Akbar Nugroho Gumay)

Jakarta, (ANTARA News) - Indonesia`s foreign debts rose 7 percent year-on-year to US$372.9 billion as of late November 2018, according to Bank Indonesia.

The debts comprised the government`s and the central bank`s debts worth US$183.5 billion and private and state companies` debts worth US$189.3 billion, the central bank said in its foreign debt statistics published on Tuesday.

Compared to October 2018, Indonesia`s foreign debts increased US$12.3 billion. On a yearly basis, foreign debts in November 2018 grew 7 percent compared to 5.3 percent in October 2018.

Bank Indonesia believed the structure of the country`s foreign debts remains healthy, with the ratio of foreign debts to the national gross domestic product remaining at 34 percent.

"The ratio is still better than the average ratio of peers (countries with equal economic capability," the BI said.

In addition, 84.8 percent of the country`s foreign debts is long-term debts.

The country`s foreign debts comprised the government`s debts worth US$180.5 billion, growing 4.4 percent yoy in late November 2018.

The government`s foreign debts increased US$5.1 billion compared to October 2018 due to the inflow of foreign capital to the domestic treasury notes market during November 2018.

The private sector`s foreign debts in November 2018 rose 10.1 percent or US$7.1 billion yoy compared to October 2018.

Reporting by Indra Arief Pribadi
Editing by Suharto
 

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