Michelle Natalia
IDXChannel -The position of external debt in Indonesia declined in October 2023 compared with the previous period, according to latest data from Bank Indonesia (BI).
In October 2023, the position of external debt in Indonesia stood at around USD392 billion, down from around USD394 billion recorded in September 2023. The public sector predominantly contributed to the lower external debt position.
Annually, therefore, the external debt position in Indonesia grew 0.6% (yoy) in the reporting period.
Government external debt declined from the previous period. In October 2023, government external debt was recorded at around USD185 billion, down from around USD188 billion in the previous period, with annual growth moderating to 3.0% (yoy) from 3.3% (yoy) one month earlier.
This was primarily influenced by a rebalancing of non-resident investor funds in the domestic government securities (SBN) market to other instruments in response to increasing global financial market volatility.
