The Indonesian government owes significant debts to Japan, France, and Germany.
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According to Bank Indonesia (BI) data, in May 2024, the Indonesian government had US$190.97 billion in external debt, excluding central bank debt.
Converted to Indonesian Rupiah, this is equivalent to Rp3,094.1 trillion (assuming an exchange rate of Rp16,202 per US$).
The government's external debt originates from creditor countries (12%), international organizations (19%), and other parties not specified in detail by BI (68%).
Among the recorded creditor countries, the largest lenders to the Indonesian government are Japan, France, and Germany.
In May 2024, the government owed Japan US$7.67 billion, France US$4.38 billion, and Germany US$3.88 billion.
Debt to other countries was smaller, as shown in the graph.
In May 2024, the government's debt was largest in the health and social services sector (21%).
Significant debt also existed in the sectors of government administration, defense, and mandatory social security (18.7%); education services (16.8%); construction (13.6%); and financial and insurance services (9.5%).
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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