Therefore, despite external debt creeping upwards, the structure remained solid. The BI will ensure bolstering coordination with the government for monitoring external debt and optimising the role of external debt in backing Indonesia’s development financing and looking at the risks that might impact macroeconomic stability.
At the end of February 2019, Indonesia’s external debt clocked in at 388.7 billion USD, comprising government and central bank debt worth 193.8 billion USD and private including state-owned enterprises’ debt reached 194.9 billion USD.
Indonesia’s external debt growth of 8.8 percent year-on-year in February was chiefly due to an upturn in the government’s external debt.
Private debt was largely held by the financial and insurance activities sector; manufacturing sector; electricity, gas, steam and air conditioning supply sector; and mining and drilling sector. The share of external debt in those four sectors to the total private external debt reached 74.2 percent. -VNA