Jakarta (Antara Bali) - Indonesia's foreign debts rose 6.2 percent to US$323.8 billion year-on-year in the second quarter of 2016, according to the central bank.
The foreign debts comprised private and public borrowings which stood at US$165.1 billion and US$158.7 billion respectively. The private debts dropped 3.1 percent, while the public debts jumped 17.9 percent.
"The public and private external debts respectively account for 49 and 51 percent of the total foreign debts," executive director of BI's communication department Tirta Segara said here on Monday.
The private external debts mostly went to the financial sector, processing industry, mining industry, and electricity, gas and clean water sector. The total foreign debts incurred in the four sectors accounted for 75.9 percent of the total private external borrowings.
"Compared to the first quarter of 2016, the annual growth of external debts for the electricity, gas and clean water sector showed a sign of increase, and the processing industry slowed down. However, the annual growth of external debts for the mining and finance sectors was contracted more deeply," he said.
Based on a period of time, he said long-term external debts grew 7.7 percent year-on-year to US$282.3 billion, while short-term external debts fell 3.1 percent year-on-year to US$41.5 billion.
"Although on a yearly basis it declines, the position of short-term external debts at the end of the second quarter rose from the previous quarter. Accordingly, the ratio of short-term debts to foreign exchange reserves reaches 37.8 percent in the second quarter," he said.
Likewise, the ratio of foreign debts to national gross domestic product at the end of the second quarter of 2016 was recorded at 36.8 percent, up slightly from 36.6 percent at the end of the first quarter. (WDY)
Indonesia's Second-Quarter Foreign Debts Up 6.2 Percent
Pewarta : Reported by Indra Arief Pribadi 23 Agustus 2016 08:32 WIB
