Michelle Natalia
Private external debt maintained the contractionary trend. The position of private external debt was down to USD199.6 billion at the end of April 2023 from USD199.9 billion the month earlier.
Annually, private external debt experienced a deeper 4.5% (yoy) contraction in April 2023 compared with a 2.8% (yoy) contraction in March 2023.
Such developments were underpinned by external debt at non-financial and financial corporations, which experienced deeper 4.7% (yoy) and 3.9% (yoy) contractions, respectively, after contracting 2.8% (yoy) and 3.0% (yoy) the month earlier.
By sector, the main contributors to private external debt in the reporting period were insurance and financial services; the manufacturing industry; electricity, gas, steam and air conditioning supply; as well as mining and quarrying, accounting collectively for 78.0% of total private external debt.
Furthermore, 75.5% of total private external debt was dominated by long-term tenors.
