Indonesia's External Debt Rises to Rp 7,507 Trillion
Bank Indonesia records Indonesia’s external debt position in February 2026 at US$437.9 billion, equivalent to Rp 7,507 trillion (exchange rate of Rp 17,140 per US dollar). This position increased by US$3 billion compared to January, which was recorded at US$434.9 billion or equivalent to Rp 7,455.7 trillion.
On a year-on-year basis, Indonesia’s external debt in February grew by 2.5 per cent, higher than the previous month’s growth of 1.7 per cent. “The increase in the external debt position was mainly driven by public sector external debt, particularly the central bank, in line with foreign capital inflows into monetary instruments, namely Bank Indonesia Rupiah Securities (SRBI). Meanwhile, the private sector external debt position experienced a decline,” said Director of the BI Communications Department Anton Pinoto in an official statement on Wednesday, 15 April 2026.
If detailed, the government’s external debt position in February 2026 was recorded at US$215.9 billion or grew 5.5 per cent year-on-year. This development was mainly influenced by a decrease in the debt securities position.
Based on economic sectors, the use of government external debt was utilised, among others, to support the Health Services and Social Activities Sector (22.0 per cent of total government external debt); Government Administration, Defence, and Compulsory Social Security (20.3 per cent); Education Services (16.2 per cent); Construction (11.6 per cent); and Transportation and Warehousing (8.5 per cent).
According to Anton, the government’s external debt position is dominated by long-term debt with a share of 99.98 per cent of total government debt. “Meanwhile, the increase in Bank Indonesia’s external debt was driven by an increase in non-resident ownership of monetary instruments issued by Bank Indonesia in line with pro-market monetary operations and efforts to maintain rupiah exchange rate stability from the impact of increasing global uncertainties,” he said.
Furthermore, the private sector external debt position in February 2026 was recorded at US$193.7 billion or down 0.7 per cent year-on-year. This private external debt development was influenced by borrower groups of financial institutions and non-financial corporations, which decreased by 2.8 per cent (year-on-year) and 0.2 per cent, respectively.
Based on economic sectors, the largest private external debt comes from the Manufacturing Industry Sector; Financial and Insurance Services; Electricity and Gas Procurement; and Mining and Quarrying, with a share of 80.3 per cent of total private debt. Private external debt is dominated by long-term debt with a share of 76.0 per cent of total private external debt.
Anton claims that Indonesia’s external debt structure is healthy. He said this condition is reflected in Indonesia’s external debt ratio to Gross Domestic Product (GDP) recorded at 29.8 per cent, as well as the dominance of long-term external debt with a share of 84.9 per cent of total debt. “To maintain a healthy external debt structure, Bank Indonesia and the government continue to strengthen coordination in monitoring external debt developments,” he said.