Suara.com – Indonesia’s foreign debt at the end of November 2020 reached 416.6 billion US dollars or equivalent to IDR 5,832 trillion assuming an exchange rate of IDR 14 thousand.
This debt consists of public sector debt (government and central bank) of US $ 206.5 billion and private sector debt (including BUMN) of US $ 210.1 billion.
Head of the Communication Department of Bank Indonesia Erwin Haryono said that the growth of foreign debt at the end of November 2020 reached 3.9 percent (yoy), an increase compared to growth in the previous month: 3.3 percent (yoy).
“Mainly due to the increase in net withdrawal of government external debt,” said Erwin in a written statement, Friday (15/1/2021).
The strengthening of the rupiah exchange rate against the US dollar also contributed to the increase in the value of rupiah-denominated debt.
The government’s external debt grew higher than the previous month. The position of government debt at the end of November 2020 grew 2.5 percent (yoy) to 203.7 billion US dollars, higher than the growth in October 2020 of 0.3 percent (yoy).
This development was influenced by maintained investor confidence, which encouraged foreign capital inflows in the government securities market and the withdrawal of some foreign loan commitments to support the handling of the Covid-19 pandemic and the national economic recovery program.
“Government external debt is still managed carefully, credibly and accountably to support priority spending,” said Erwin.
These well-managed debts include the health services sector and social activities (23.8 percent of total government external debt), the construction sector (16.6 percent), the education services sector (16.6 percent), and the government administration, defense sector. , and compulsory social security (11.8 percent), as well as the financial services and insurance sector (11.2 percent).
Meanwhile, private external debt growth at the end of November 2020 was recorded at 5.2 percent (yoy), lower than the growth in the previous month of 6.4 percent (yoy). This development was caused by a slowdown in the growth of foreign debt of non-financial institutions from 8.3 percent (yoy) in October 2020 to 7.2 percent (yoy). In addition, financial institution debt contracted 1.4 percent (yoy).
By sector, the largest foreign debt with a share of 77.0 percent of total private debt comes from the financial services and insurance sector, the electricity, gas, steam or hot water and cold air supply sector, the manufacturing sector, and the mining and quarrying sector. .
Source: Suara.com – Kumpulan Berita Bisnis Hari Ini Yang Terbaru by www.suara.com.
*The article has been translated based on the content of Suara.com – Kumpulan Berita Bisnis Hari Ini Yang Terbaru by www.suara.com. If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!
*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.
*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!