BI Assures Indonesia's External Debt Structure Remains Healthy Despite Reaching USD 439.8 Billion

Jakarta, VIVA – Indonesia’s external debt position approached US$440 billion in April 2026. Bank Indonesia (BI) has emphasised that the national debt structure remains in a healthy condition, supported by the dominance of long-term debt and maintained foreign investor confidence in the Indonesian economy.

Ramdan Denny Prakoso, Executive Director of the Bank Indonesia Communications Department, stated that Indonesia’s external debt position in April 2026 reached US$439.8 billion, representing a year-on-year (yoy) growth of 1.9 per cent.

“Indonesia’s external debt position in April 2026 was recorded at US$439.8 billion, or grew by 1.9 per cent (yoy) annually, which is higher than the growth in March 2026 of 1.0 per cent (yoy),” Ramdan said in a written statement on Tuesday, 16 June 2026.

According to BI, this increase was primarily driven by growth in public sector debt, while private sector external debt continued to experience contraction, although it is beginning to show signs of improvement.

“This development was influenced by the growth of public sector external debt amidst the ongoing contraction of private sector external debt,” he added.

From the government’s perspective, the external debt position was recorded at US$216.4 billion in April 2026, or a year-on-year growth of 3.7 per cent. Although still increasing, the growth rate slowed slightly compared to the previous month, which reached 3.8 per cent.

“The government’s external debt position in April 2026 was US$216.4 billion, or grew by 3.7 per cent (yoy) annually, lower than the growth in March 2026 of 3.8 per cent (yoy),” Ramdan explained.

BI noted that this slowdown was influenced by the decelerating growth of government foreign loans. Nevertheless, foreign investor interest in Indonesian financial instruments remains strong.

“Meanwhile, foreign capital inflows into Government Securities (SBN) continued to record a net inflow, reflecting maintained investor confidence in Indonesia’s economic prospects,” he said.

Ramdan continued, stating that the government continues to direct the use of external debt to finance productive sectors that have a direct impact on development and public welfare.

“As one of the components in the financing instruments of the State Budget (APBN), the use of external debt continues to be directed towards supporting the financing of productive sectors while maintaining the sustainability of external debt management,” he concluded.