Indonesia’s foreign debt growth slowing

rupiah-debtIndonesia’s foreign debt growth dropped to 7.3 per cent in July 2013 from 8 per cent recorded in June 2013, Bank Indonesia said on September 20.The country’s foreign debt stood at $259.54 billion in July 2013.

“Based on the time frame, Indonesia’s foreign debt is dominated by long-term debts, which consist of 82.3 per cent of the total foreign debt,” Bank Indonesia said in an official release. Based on foreign exchange composition, the US dollar still dominates with 68.2 per cent out of the total foreign debt.

“The slowdown in Indonesia’s foreign debt growth is triggered by the private sector,” Bank Indonesia’s release said.

Indonesian private sector’s year-on-year foreign debt growth dropped to 9.5 per cent or equal to $133.94 billion in July 2013 from 11 per cent recorded in the previous month.

Meanwhile, the public sector’s year-on-year foreign debt growth increased by 5.1 per cent or equal to $125.6 billion in July 2013 from 4.9 per cent recorded in June 2013.

“Bank Indonesia sees that the development of foreign debt growth remains healthy and sustainable. The slowdown, particularly from the private sector, is in line with the national economic trend,” the bank’s statement said.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

Indonesia’s foreign debt growth dropped to 7.3 per cent in July 2013 from 8 per cent recorded in June 2013, Bank Indonesia said on September 20.The country's foreign debt stood at $259.54 billion in July 2013. “Based on the time frame, Indonesia’s foreign debt is dominated by long-term debts, which consist of 82.3 per cent of the total foreign debt,” Bank Indonesia said in an official release. Based on foreign exchange composition, the US dollar still dominates with 68.2 per cent out of the total foreign debt. “The slowdown in Indonesia’s foreign debt growth is triggered by the private sector,”...

rupiah-debtIndonesia’s foreign debt growth dropped to 7.3 per cent in July 2013 from 8 per cent recorded in June 2013, Bank Indonesia said on September 20.The country’s foreign debt stood at $259.54 billion in July 2013.

“Based on the time frame, Indonesia’s foreign debt is dominated by long-term debts, which consist of 82.3 per cent of the total foreign debt,” Bank Indonesia said in an official release. Based on foreign exchange composition, the US dollar still dominates with 68.2 per cent out of the total foreign debt.

“The slowdown in Indonesia’s foreign debt growth is triggered by the private sector,” Bank Indonesia’s release said.

Indonesian private sector’s year-on-year foreign debt growth dropped to 9.5 per cent or equal to $133.94 billion in July 2013 from 11 per cent recorded in the previous month.

Meanwhile, the public sector’s year-on-year foreign debt growth increased by 5.1 per cent or equal to $125.6 billion in July 2013 from 4.9 per cent recorded in June 2013.

“Bank Indonesia sees that the development of foreign debt growth remains healthy and sustainable. The slowdown, particularly from the private sector, is in line with the national economic trend,” the bank’s statement said.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

NO COMMENTS

Leave a Reply