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Government Foreign Debt Primarily for Health and Social Welfare

Adi Ahdiat 17/01/2023 13:20 WIB

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According to a Bank Indonesia report, in November 2022 the Indonesian government had US$181 billion in external debt, the majority of which was allocated to the health and social sectors.

Indonesia's Government External Debt by Sector (November 2022)

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Government Foreign Debt Primarily for Health and Social Welfare

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Indonesia's Government External Debt by Sector (November 2022)

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According to a report by Bank Indonesia (BI), Indonesia's external debt in November 2022 amounted to US$392.6 billion. This comprised US$202.5 billion in private debt and US$181.6 billion in government debt.

Government external debt was highest in the health and social activities sector (24.5%); education services (16.5%); government administration, defense, and social security (15.3%); construction (14.2%); and financial and insurance services (11.5%).

The following details the value of government external debt by sector in November 2022:

1. Health and Social Activities Services: US$44.4 billion
2. Education Services: US$30 billion
3. Government Administration, Defense, and Social Security: US$27.8 billion
4. Construction: US$25.8 billion
5. Financial and Insurance Services: US$20.9 billion
6. Transportation and Warehousing: US$11.4 billion
7. Agriculture, Forestry, and Fisheries: US$9.23 billion
8. Water Management, Wastewater, Waste Recycling, and Remediation: US$4.89 billion
9. Electricity, Gas, Steam, and Hot Water Supply: US$3.29 billion
10. Other Services: US$2.5 billion
11. Information and Communication: US$788 million
12. Mining and Quarrying: US$392 million
13. Wholesale and Retail Trade, Repair of Motor Vehicles and Motorcycles: US$40 million
14. Manufacturing Industry: US$19 million
15. Corporate Services: US$4 million
16. Accommodation, Food, and Beverage Services: none
17. Real Estate: none

Overall, government external debt in November 2022 increased by approximately US$1.89 billion compared to the previous month.

"Foreign loans were drawn to support the financing of programs and projects, including support for handling Covid-19, infrastructure development, and several other program and project developments," BI stated in its press release on Monday, January 16, 2023.

"The position of government external debt is relatively safe and controlled, considering that almost all of it has a long-term tenor, accounting for 99.9% of the total government external debt," it continued.

Editor : Adi Ahdiat

"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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Government Foreign Debt Primarily for Health and Social Welfare

Government Foreign Debt Primarily for Health and Social Welfare

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