RI's foreign debts $133.7b in January
JAKARTA (JP): The nation's foreign obligations dropped to US$133.7 billion as of the end of January, down from $136.1 billion in December last year, Bank Indonesia (BI) reported yesterday.
BI said the January debt position was based on the latest data.
Foreign debts comprised of $53.5 billion in government long- term debts and $80.2 billion in private sector debts, the central bank said in a statement.
Of the private debts, $15.6 billion were short-term obligations and $7.4 billion were in the form of various commercial papers.
The central bank also issued a directive yesterday to follow up Presidential Decree No. 56/1998, which requires private businesses to report external debt positions regularly to BI.
The main items in the directive include an obligation for companies that have not reported to do so by April 30 at the latest.
The debt reporting must include basic data on the debts and their changes and monthly debt realization.
Basic data on the debts must be reported within 14 days of the signing of a loan agreement or after changes are made, while debt realization must be made by the 15th of the following month.
Companies which fail to report on time will be fined Rp 500,000 for each week of delay, while companies which deliberately did not report will be fined a total of 0.01 percent of the outstanding debt. (rei)
Table: Indonesia's external debt (as of January 31, 1998; in US$ billion)
Total external debt 133.68
I. Public Sector 66.00
A. Government 53.53
Of which $3.0b is IMF credit
B. State-owned enterprises 12.46
1. State banks 6.62
i. Bank credit 5.64
ii. Domestic CP/MTN/FRN/CD/PN
owned by non-residents 0.98
2. Non-bank enterprises 5.84
i. Bank credit 3.89
ii. Domestic CP/MTN/FRN/CD/PN
owned by non-residents 1.95
II. Private sector 67.69
1. Private banks 8.90
i. Bank credit 8.50
a. Foreign-owned banks 0.40
b. Joint-venture banks 3.98
c. Domestically owned banks 4.12
2. Non-bank corporations 58.79
i. Bank credit 54.74
a. Foreign investment (PMA) 26.76
b. Domestic investment (PMDN)
and non-PMDN 27.98
ii. Domestic CP/MTN/FRN/CD/PN owned
by non-residents 4.05
Source: Bank Indonesia
- Government debt includes $10 billion SBI owned by non-residents
- CP : commercial paper
- MTN: medium-term notes
- FRN: floating-rate notes
- CD : certificate of deposit
- PN : promissory notes