Indonesia's foreign debts up 7.6 percent

Jakarta (Antaranews Bali) - Indonesia's foreign debts rose 7.6 percent year on year by the end of April, 2018 to US$356.9 billion  or around Rp5,028 trillion on  rupiah 14,090 per the U.S. dollar based on Jisdor.

The debts included US$183.8 billion owed by the government and Bank Indonesia, or an increase of 9.5 percent year-on-year, and US$173.1 billion owed by the private  sector including state owned companies or an increase of 5.6 percent yoy, based on data released by the central bank here on Thursday.

"With the debts in April, 2018 the ratio of the country's foreign debts to its GDP was 34 percent," the central bank said in its report.      
The Central Bank described the debt ratio as healthy and  better than those of many other countries.

The government's debts included in state securities (state bonds, sharia bonds) totaling US$125.1 billion and foreign loans totaling US$55.4 billion.      
    
"The foreign debts are managed professionally to maintain fiscal sustainability," the central bank said.

The debts of the private sector contributed 72.4 percent to the total foreign debts.  
Long term debts were more dominant making up 86.7 percent of the total foreign debts.

The Central Bank said the foreign debt ratio to the GDP is still healthy , and it pledged to improve coordination  with the government in controlling foreign debts and to optimize the use of the debts for the development financing  without causing risk to economic stability. (WDY)