Indonesian foreign debts see slowdown

The Central Bank of Indonesia (BI) reported that the country’s foreign debts grew 6.3 percent on-year to 323 billion USD in August, 2016, slower than the growth of 6.6 percent in July, according to the Indonesian News Agency Antara on October 18, source from Vietnamnews.

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Short term foreign debts and private sector debts declined, but government debts and long term debts rose, Executive Director of Communications Department of the Central Bank Tirta Segara said.

The government debts rose 19.2 percent year on year to 159.7 billion USD or 49.4 percent of the country’s total debts in August.

By August 2016, the foreign debts of the private sector fell 3.9 percent year-on-year to 163.3 billion or 50.6 percent of the country’s total foreign debts.

The main debtors among the private sector by the end of August are from the financial, manufacturing, mining, electricity, gas and drinking water sectors, which together accounted for 75.5 percent of the total.

Long term debts made up 87.5 percent of the country’s total foreign debts, up 8.1 percent year on year to 282.5 billion USD.

Short term debts accounted for 12.5 percent.

The central bank described as quite healthy the developments of the country’s foreign debts in August, 2016.

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