Indonesia's Foreign Debt Reaches US$415.679 Billion in July 2021

Bank Indonesia (BI) recorded Indonesia's external debt (ULN) at US$415.679 million in July 2021. This figure represents a 0.012% increase compared to the previous month's US$415.628 million (month-to-month/m-m). With this ULN position, Indonesia's ULN grew by 1.7% year-on-year (yoy) at the end of July 2021.

Throughout 2021, Indonesia's external debt experienced fluctuating increases and decreases. A previous increase in external debt occurred in February 2021, reaching US$421.789 million, a 0.37% increase compared to the previous month's US$420.207 million. A decrease occurred the following month, March, reaching US$415.404 million, the lowest level during 2021.

The central bank's ULN was recorded at US$2.838 million in July 2021, growing by 0.07% month-on-month (m-to-m). Annually, the central bank's ULN grew by 1.5% (yoy). Meanwhile, the private sector's ULN was recorded at US$206.979 million in July 2021, down 0.37% compared to the previous month, but up 0.05% year-on-year (yoy).

"The structure of Indonesia's ULN remains healthy, supported by the application of prudent principles in its management," said Erwin Haryono, Executive Director and Head of BI's Communication Department, in his official statement on Wednesday, September 15, 2021.

According to Erwin, the healthy state of Indonesia's ULN is reflected in the ratio of Indonesia's ULN to Gross Domestic Product (GDP), which remained at around 36.6%, down from 37.5% the previous month. Furthermore, the healthy structure of Indonesia's ULN is demonstrated by the continued dominance of long-term ULN, accounting for 88.3% of the total ULN.