The data showed that Indonesia’s foreign debt grew by 3.6 per cent year on year to US$316 billion (Bt11.1 trillion) as of November last year, slower than the 6.5-per-cent year-on-year growth a month earlier.

“The slower growth was mainly contributed by deceleration in the public sector’s external debt and the decline in private ones. The deceleration occurred both in long- and short-term foreign debts,” the central bank said in a statement on Monday.

Private-sector foreign debt declined by 3.4 per cent year on year in November, lower than 2 per cent year on year in October. Meanwhile, public-sector foreign debt also declined by 12.1 per cent year on year, from 17 per cent year on year in October.

Indonesia’s foreign debt in November was dominated by the private sector with 51.5 per cent.

More than 76 per cent of the private sector’s external debt in November was contributed by the financial, processing, mining, electricity, gas and water sectors.

“BI sees that external debt development in November last year remained relatively healthy, but will still be aware about the risk toward the national economy. BI will continue monitoring this development, particularly in the private sector’s external debt,” the central bank wrote. 

Source: http://www.nationmultimedia.com/news/business/aec/30304325