The position of Indonesia`s external debt at the end of November 2018 was US$372.9 billion, consisting of government and central bank debt of $183.5 billion, and private, including state-owned enterprises debt amounting to $189.3 billion.
Agusman said that the external debt position increased $12.3 billion compared to the previous month due to net withdrawals of external debt and the strengthening of rupiah against US dollar resulted in bigger rupiah debt held by foreign investors in term of US dollar.
Annually, Indonesia`s external debt at the end of November 2018 grew 7.0 percent (yoy), higher than the previous month`s growth of 5.3 percent (yoy).
The increase in the external debt growth resulted from growing government and private external debt growth.
Government external debt growth increased in November 2018.The outstanding government external debt at the end of November 2018 was $180.5 billion, or grew 4.4 percent (yoy), increasing from 3.3 percent (yoy) in the previous month.
The government's external debt growth increased $5.1 billion compared to the previous month on account of foreign capital inflows to Government Securities (SBN) market during November 2018.
Meanwhile, private external debt increased in November 2018. The position of private external debt at the end of November 2018 grew 10.1 percent (yoy), up from the previous month`s growth of 7.7 percent (yoy).
The private external debt increased by $7.1 billion on the previous month, mainly driven by net foreign buying of corporate bonds.
The private external debt was mainly incurred by the financial and insurance services sector, manufacturing sector, electricity, gas, and water supply sector, as well as the mining sector. The share of the four sector external debt to the total private external debt reached 73.9 percent, relatively higher than the share in the previous month (72.9 percent).