Michelle Natalia
"This was driven by portfolio investment placements in the domestic government securities (SBN) market given the maintained positive sentiment of global financial market players," he added.
External debt withdrawal in April 2023 remained focused on support to fund productive and priority sectors, particularly ongoing efforts to maintain economic recovery momentum in Indonesia amid global economic uncertainty.
"The Government remains firmly committed to maintaining prudential, efficient and accountable external debt management, as well as preserving credibility in servicing principal and interest payments promptly," he continued.
Such support encompasses human health and social activities (24.1% of total government external debt); public administration, defence and compulsory social security (17.9%); education (16.8%); construction (14.3%); as well as insurance and financial services (10.2%), amongst others.
"The current position of government external debt is considered safe and manageable, with nearly all, or 99.9% of total government external debt, dominated by long-term maturities," he explained.
