Indonesia's External Debt Increases by US$9 Billion

Based on Bank Indonesia's foreign debt (FD) statistics, Indonesia's foreign debt increased by US$ 9.26 billion (2.9 percent) to US$ 326.34 billion, or approximately Rp 4.34 quadrillion (thousand trillion), from its position at the end of 2016, which was US$ 317.09 billion.

Government and central bank foreign debt in the first quarter of 2017 increased by US$ 8.17 billion (5.16 percent) to US$ 166.45 billion, or approximately Rp 2.21 quadrillion from its position at the end of 2016. Meanwhile, private sector foreign debt only increased by US$ 1.09 billion (0.69 percent) to US$ 159.89 billion, equivalent to Rp 2.13 quadrillion.

In 2017, the amount of government foreign debt surpassed private debt. However, from 2012 to 2016, private sector foreign debt had consistently been larger than government debt. The intensive issuance of government bonds during the first three months of 2017 caused government foreign debt to exceed the amount of private debt. Government foreign debt in the form of State Bonds, both international and domestic, increased by US$ 6.67 billion to US$ 107.35 billion in the first quarter of 2017 from its December 2016 position.