JAKARTA (XINHUA) – Indonesia recorded foreign debt of USD405.7 billion as of January, declining from USD408.1 billion in December 2023, Bank Indonesia said yesterday.
“The decline was contributed by a decrease in public and private sector external debts,” said head of the communication department of the central bank Erwin Haryono.
Government debt was recorded at USD194.4 billion, falling from USD196.6 billion in the previous month. Haryono said the fall was partly caused by the repayment of the maturity of the Government Securities (SBN) series.
“The government is committed to maintaining credibility by fulfilling obligations to pay principal and interest on time, as well as managing external debt carefully and efficiently,” he said.
Meanwhile, private sector foreign debt also declined from USD198.1 billion in December 2023 to USD196.7 billion in January this year, caused by financial corporations and non-financial corporations.
