Indonesia`s foreign debts rise to US276.6 b in April 2014

"The position of the foreign debts is still fairly healthy in sustaining external sector resilience," executive director of communications of the central bank, Tirta Segara, said.
Jakarta (ANTARA News) - Indonesias foreign debts totaled US$276.6 billion in April 2014 or an increase of 7.6 percent from that a year earlier, a Bank Indonesia director said.

The debts included US$131 billion owed by the public sector and US$145.6 billion by the private sector, executive director of communications of the central bank, Tirta Segara, said.

The figures showed the growth year-on-year is lower April than 8.7 percent in March , Tirta said.

"The position of the foreign debts is still fairly healthy in sustaining external sector resilience," he said.

However, Bank Indonesia would continue to monitor developments of foreign debts especially the private sector debts to ensure that the debts would be effective in financing development without risk of disturbing macro economic stability, he said.

The slower growth of foreign debts in April compared with in March was attributable mainly to slowdown in the growth of the public sector debt, he said.

He said the public sector debts grew only 2.2 percent much lower than a growth of 5.1 percent in previous month year-on-year.

The debts of the private sector grew 13 percent y0y higher than a growth of 12.2 percent yoy in March .

The debts included short term and long term debts with long term ones making up US$229.7 billion or 83 percent of the total debts.

The long term debts consisted of public sector debts that reached US$124.6 billion or 95.1 percent of the total debts of the public sector with private sector debts making up US$105.1 billion or 72.1 percent of the total debts of the private sector.

The increase in the debts of the private sector was recorded mainly by borrowers among companies in the processing and mining sectors.

The debts of borrowers among the processing companies grew 14.2 percent yoy , higher than the growth of 8.5 percent yoy in the previous months .

The growth of the debts of mining companies also increased from 12.2 percent in March to 15.2 percent in April yoy

Meanwhile the debts of borrowers in the electric, gas and drinking water sectors grew 1.3 percent in April after declining in the previous six months.

The growth of debts in the financial sector was recorded at 12.7 percent orlower than 14 percent yoy and in the service sector, which accounted for only 0.7 percent of the total debt of the private sector, the debts shot up 68.2 percent or higher than the growth rate of 65.5 percent in March yoy.(*)

Comments