TEMPO.CO, Jakarta – Indonesia external debt at the end of the second quarter (Q2) was US$403, which is a reduction from the previous quarter which recorded US$412.6.
“This development was caused by a decline in the external debt position of the public sector (the government and the Central Bank) and the private sector,” said Bank Indonesia’s head of communications department, Erwin Haryono. , Monday, August 15.
On an annual basis, external debt in the second quarter of 2022 contracted by 3.4%. This position is deeper than the previous quarter’s contraction which was 0.9% YoY.
The government’s external debt position in the second quarter of 2022 was recorded at $187.3 billion, down from the previous quarter’s external debt position of $196.2 billion. On an annual basis, the government’s external debt contracted by 8.6%, stronger than the contraction of 3.4% (year-on-year) in the previous quarter.
The government’s external debt decreased due to the repayment of maturing bilateral, commercial and multilateral loans during the period April to June 2022. The repayment of maturing domestic government securities (SBN) also contributed to the decline in external debt in the last quarter.
Bank Indonesia said Indonesia’s external debt in the second quarter of 2022 remains under control. This condition is reflected in Indonesia’s external debt-to-gross domestic product (GDP) ratio which held steady at around 31.8% and declined from the previous quarter’s ratio of 33.8%.
In addition, Indonesia’s external debt structure remains sound as evidenced by Indonesia’s external debt which is dominated by long-term external debt with a share of 86.7% of the total. external debt.
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