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Indonesia's foreign debt growth slows down
Indonesiaâs year-on-year foreign debt growth dropped to 7
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I
ndonesia's year-on-year foreign debt growth dropped to 7.3 percent in July 2013 from 8 percent recorded in June 2013, Bank Indonesia says.
Indonesia's foreign debt stood at US$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 percent 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 percent 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 percent or equal to $133.94 billion in July 2013 from 11 percent recorded in the previous month.
Meanwhile, the public sector's year-on-year foreign debt growth increased by 5.1 percent or equal to $125.60 billion in July 2013 from 4.9 percent 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.'
