According to data from Bank Indonesia (BI), the Indonesian government's foreign debt reached US$190.97 billion in May 2024, excluding central bank debt.
Converted to Indonesian Rupiah, this is equivalent to Rp3,094.1 trillion (assuming an exchange rate of Rp16,202 per US$).
The government's foreign debt in May 2024 increased by 0.99% compared to the previous month (month-on-month). However, compared to a year ago, it decreased by 0.83% (year-on-year).
"The position of the government's foreign debt (ULN) is relatively safe and controlled, considering that almost all of the ULN has a long-term tenor, with a share reaching 99.99% of the total government ULN," said BI Communication Department Head Erwin Haryono in a press release on Monday (July 15, 2024).
This debt is mostly used for the health services and social activities sector.
Here is a breakdown of Indonesia's government foreign debt by sector in May 2024, ordered from largest to smallest:
* Health Services and Social Activities: US$40 billion
* Government Administration, Defense, and Mandatory Social Security: US$35.6 billion
* Education Services: US$32.1 billion
* Construction: US$26 billion
* Financial and Insurance Services: US$18.2 billion
* Transportation and Warehousing: US$14.5 billion
* Agriculture, Forestry, and Fisheries: US$7.06 billion
* Water Supply, Waste Management, Waste and Recycling: US$5.2 billion
* Electricity and Gas Supply: US$2.98 billion
* Other Services: US$2.6 billion
* Information and Communication: US$973 million
* Mining and Quarrying: US$401 million
* Wholesale and Retail Trade, Repair of Motor Vehicles and Motorcycles: US$33 million
* Manufacturing Industry: US$5 million
* Corporate Services: US$2 million
* Accommodation and Food Service Provision: no debt
* Real Estate: no debt