JAKARTA, Jan. 15 (Xinhua) -- Indonesia recorded foreign debt of 400.9 billion U.S. dollars as of November 2023, rising 2.0 percent compared to the same period last year and an increase of 0.7 percent compared to the previous month, Bank Indonesia said on Monday.
"Apart from public sector foreign debt, the external debt position in November 2023 was also influenced by broad-based U.S. dollar depreciation against most global currencies including rupiah, which has an impact on increasing statistical figures for Indonesian external debt in other currencies in US dollars," said Head of the Communication Department of Bank Indonesia Erwin Haryono.
Government debt was recorded at 192.6 billion U.S. dollars, up 6.0 percent annually and 3.0 percent monthly due to increased investment in the domestic and international Government Bond markets.
Meanwhile, private sector foreign debt contracted 3.2 percent annually and 2.3 percent monthly to 196.2 billion U.S. dollars, mainly from the manufacturing industry, financial and insurance services.
Haryono assesses that Indonesia's foreign debt structure remains healthy, as the foreign debt-to-GDP ratio is 29.3 percent and 87.1 percent of the foreign debt is long-term. ■
