JAKARTA, March 16 (Xinhua) -- Indonesia's foreign debt rose to 434.7 billion U.S. dollars in January 2026, growing 1.7 percent year on year, the country's central bank announced on Monday.
The increase was mainly driven by higher government external debt, which reached 216.3 billion dollars in January 2026, up 5.6 percent year on year, said Ramdan Denny Prakoso, communications executive director of Bank Indonesia, in a press release.
"In January 2026, external debt developments were influenced by the government's withdrawal of foreign loans to support government programs and projects, as well as foreign capital inflows into international government securities," he said.
He added that the funds were used for sectors including health and social services, government administration and defense, education, construction, as well as transportation and warehousing.
The central bank also recorded a 0.7 percent decline in private foreign debt to 193 billion dollars, mainly influenced by nonfinancial corporations.
Bank Indonesia said the country's foreign debt structure remains sound, with the debt-to-GDP ratio falling to 29.6 percent and long-term debt accounting for 85.6 percent of the total. ■