Indonesia's foreign debt falls to 403.9 bln USD in Q1-Xinhua

Indonesia's foreign debt falls to 403.9 bln USD in Q1

Source: Xinhua| 2024-05-15 22:09:45|Editor: huaxia

JAKARTA, May 15 (Xinhua) -- Indonesia's foreign debt fell to 403.9 billion U.S. dollars in the first quarter of this year, compared to the 408.5 billion dollars recorded in the previous quarter of last year, the country's central bank announced on Wednesday.

The government's foreign debt in the first quarter this year was recorded at 192.2 billion dollars, down from 196.6 billion dollars in the previous quarter.

"This decline was influenced, amongst other factors, by a rebalancing of non-resident investor funds in the domestic Government Securities market in response to increasing global financial market uncertainty," said head of Bank Indonesia Communications Department Erwin Haryono.

Likewise, private sector foreign debt fell to 197.0 billion dollars from 198.4 billion dollars in the previous quarter.

The processing industry, finance and insurance services, electricity and gas procurement, as well as mining and quarrying were the sectors that dominated private foreign debt figures, with a total of 78.3 percent.

Haryono said that the country's foreign debt structure remained healthy, as the ratio is 29.3 percent of gross domestic product and 86.8 percent of the total foreign debt is long-term debt.