Indonesiaâs External Debt Recorded at USD420.7 billion
No. 23/65/DKom
The external debt was recorded at USD420.7 billion at the end of January 2021, consisting of public debt (Government and Central Bank) of USD213.6 billion and private debt (including state-owned enterprises) of USD207.1 billion. Indonesia's external debt at the end of January 2021 grew by 2.6% (yoy), lower than 3.4% (yoy) in the previous month, stemming from the slowed growth of government's and private's external debt.
The government's external debt
decelerated
in January 2021.At the end of January 2021, the government's external debt was registered at USD210.8 billion or grew by 2.8% (yoy), lower compared with 3.3% (yoy) in December 2020. Such development was caused by the payment of bilateral and multilateral maturing loans. Meanwhile, government bonds' position continues to increase due to the issuance of government securities (SUN) denominated in US Dollar and Euro at the beginning of the year amidst abundant global liquidity momentum and positive sentiment over Covid-19 vaccination rollout globally. The external debt position was also driven by a surge of capital inflows in the domestic government securities (SBN) market, supported by the maintained investor's confidence towards the domestic economic outlook. The management of government's external debt is conducted in a prudent and accountable manner to support government spending towards priority sectors, among others, public administration, defense, & compulsory social security sector (share 17.6% of external debt), human health & social work activities sector (17.1%), education sector (16.2%), construction sector (15.2%), and financial & insurance sector (13.0%).