Indonesia`s foreign debts up 10.7 percent to US$294.5 b

The private sector debts grew faster by 15.1 percent as against the government debt growth rate of only 5.9 percent in October yoy.
Jakarta (ANTARA News) - Indonesias foreign debts grew 10.7 percent year-on-year to US$294.5 billion by the end of October, Bank Indonesia official said.

The debt grew from US$292.3 billion in September 2014, Executive Director for Communication of the central bank Tirta Segara said here on Wednesday.

The foreign debts in October, 2014 included US$133.2 billion in government debts or 45.2 percent of the total and US$161.3 billion in private sector debts (54.8 percent).

The private sector debts grew faster by 15.1 percent as against the government debt growth rate of only 5.9 percent in October yoy.

The government debts were dominated by bonds accounting for 53.5 percent growing 22.1 percent yoy.

Private sector debts were dominated by loans accounting for 64.3 percent growing 9.7 percent yoy.

Long term debts made up 83.4 percent or US$245.6 billion of the total debt including government debt making up US$129 billion and private sector debts making up the rest.

Long term debts accounted for 96.9 percent of the total foreign debt of the government, and made up 72.3 percent of the total debt of the private sector.

The countrys foreign debts were mainly in the financial sector, manufacturing sector, mining sector, electricity , gas and drinking water sector -- combined accounting for 77.5 percent of the debt of the private sector.

"Bank Indonesia still sees the position of the foreign debts as quite healthy , but we still need to be always on the alert against the risk to the economy," Tirta.(*)

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