Jakarta: Indonesia's external debt growth decelerated in April 2021, Bank Indonesia (BI) has stated.
The external debt at the end of April 2021 was recorded at USD418.0 billion or grew by 4.8% (yoy), lower than 7.2% (yoy) in the previous period.
"Such development was driven by the slowed growth of Government's and private's external debt," said BI Communnication Department Head Erwin Haryono in a press release on Tuesday.
On an annual basis, the Government's external debt in April 2021 decelerated to 8.6% (yoy) from 12.6% (yoy) in March 2021, in line with the net withdrawal of foreign loans used to support program and project financing, including financial inclusion programs.
The growth of private's external debt in April 2021 was recorded at 1,2% (yoy), slowed from 2,6% (yoy) in the previous month.
"The structure of Indonesia's external debt remained healthy, supported by the prudential principle application in its management," he stated.
Indonesia's external debt in April 2021 is manageable as reflected in the maintained ratio of Indonesia's external debt to Gross Domestic Product (GDP) at around 37.9%, lower than 39.1% in the last month.
In addition, the structure of Indonesia's external debt remained healthy which was indicated by the domination of long-term maturity debt with an 89.2% share of total external debt.
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