TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
Popular Reads
Top Results
No results found. Please check your search term and try again
Can't find what you're looking for?
View all search results
Popular Reads
Top Results
No results found. Please check your search term and try again
Can't find what you're looking for?
View all search resultsIndonesia sees U$287 million BoP deficit in Q1
Change text size
Gift Premium Articles
to Anyone
Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!
A Bank Indonesia worker labels damaged banknotes at a money replacement counter as part of the bank’s “clean money policy” to provide the public with a quality medium of exchange. (thejakartapost.com/Wienda Parwitasari)
I
ndonesia posted a US$287 million balance of payment (BoP) deficit in the first quarter (Q1) of this year, in contrast to a $1.3 billion surplus in the same period last year.
Bank Indonesia’s executive director of statistics, Hendi Sulistiowati, attributed the deficit to the company’s debt payments.
“The economic slowdown has caused lower domestic demand that has led business players to delay borrowing. It makes the outflows bigger than inflows,” she said.
A small surplus in the capital account, stocks and bonds, caused by significant outflows, could not compensate the deficit in the current account, she said.
Bank Indonesia data shows the surplus in the capital account in the first quarter reached $4.2 billion, lower than the $5 billion in the first quarter of last year and $9.8 billion in the fourth quarter of last year. The central bank announced that the lower figure was influenced by surplus decline in portfolio investments and foreign direct investments. (sha/dmr)
