KONTAN.CO.ID - JAKARTA. Indonesia’s foreign debt grew 7.4 percent year-on-year (yoy) in May to US$ 386.1 billion, a slowdown from the 8.8 percent yoy growth recorded in April, according to Bank Indonesia (BI). The government and BI accounted for $189.3 billion of the debt, while the private sectors and state-owned companies (SOE) were responsible for $196.9 billion, the central bank announced on Monday. “The external debt increase in May was mainly triggered by the need for debt payments and the rupiah’s depreciation against the US dollar,” BI said in a statement.
Foreign debt grows 7.4 percent, recorded at US$ 386.1 billion
KONTAN.CO.ID - JAKARTA. Indonesia’s foreign debt grew 7.4 percent year-on-year (yoy) in May to US$ 386.1 billion, a slowdown from the 8.8 percent yoy growth recorded in April, according to Bank Indonesia (BI). The government and BI accounted for $189.3 billion of the debt, while the private sectors and state-owned companies (SOE) were responsible for $196.9 billion, the central bank announced on Monday. “The external debt increase in May was mainly triggered by the need for debt payments and the rupiah’s depreciation against the US dollar,” BI said in a statement.