Bank Indonesia (BI) reported foreign debt at the end of the third quarter (Q3) of 2016 was recorded at US$325.3 billion, growing 7.8% (year-on-year) from the Q2 was $323.8 billion. The ratio of foreign debt to gross domestic product (GDP) at the end of Q3 it declined 1.2% from the previous quarter to 35.7%. Based on the period of origin, long-term external debt grew 8.7% (yoy), while short-term foreign debt grew 1.8% (yoy). Based on the period, foreign debt position is still dominated by long-term debt, which reached $283.5 billion, or 87.2% of total debt and short-term foreign debt stood at $41.8 billion. BI assessing the ratio of foreign exchange reserves fell to 35.5% in the Q3 from 37.8% in the previous quarter in line with the increase in international reserves position. Foreign exchange reserves in the end of September 2016 increased to $2.2 billion compared to the previous month to $115.7 billion. The position of the private sector’s foreign debt reached $163.1 billion, or 50.1% of total debt, while the public sector amounted to $162.2 billion. However, the private sector’s foreign debt decreased 2.7% (yoy) in the Q3, deeper than the decline in the previous quarter by 2.3% (yoy). The position of private sector debt in the Q3 was concentrated in the financial sector, manufacturing, mining, and electricity, gas and water supply. The fourth sector reached 76.6% of total debt.
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