JAKARTA. Bank Indonesia (BI) reports that Indonesia’s foreign debt reached US$ 333.60 billion, growing 5.5% year on year (yoy), in May, sparked by an increase in public-sector debt.
According to the central bank, the public-sector debt grew by 11.8% yoy to $168.40 billion in May, 50.5% of the total foreign debt, compared to 9.2% yoy growth in April.
Meanwhile, private-sector debt reached $165.20 billion, 49.5% yoy of the total foreign debt, down by 0.1% yoy, compared to 3.2% yoy growth in the previous month.
The decrease in private-sector debt was caused by the decrease in financial-institution debt, while non-financial institution debt increased, BI said as reported by tribunnews.com.
Long-term debt grew 4.4% yoy in April, compared to 1.4% yoy growth in April, while short-term debt increased by 13% yoy in May, compared to 12.4% yoy growth in April.
Long-term debt amounted to $289.20 billion -- $165.10 billion of public-sector debt and $124.10 of private-sector debt.
Meanwhile, short-term debt reached $44.40 billion -- $41.10 billion of public-sector debt and $3.30 billion of private-sector debt.
The foreign debt was mostly disbursed to financial institutions, the manufacturing sector, the mining sector, as well as the electricity and water sectors.
