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2 May 2010

Indonesia's foreign debts at $180.7bn in March

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Bank Indonesia (BI) disclosed Friday that Indonesia's foreign debts rose to $180.7 billion as of March 2010 from $178.5 billion in February, reported the Jakarta Post.

“The increase appeared from the BI certificates and government securities with payment valued at about $2.2 billion,” direcotr of BI international directorate Nelson Tampubolon said as quoted by Antara state news agency.

Nelson said that out of the total debts, the government's debts reached $105.6 billion, and the remaining $75.1 billion belong to the private sector.

He said that despite increase in the debts, its ratio against the gross domestic product is trivial and even smaller that the ratio in other countries.

Based on data from the Finance Ministry Indonesia's debt ratio against GDP reached 29.30 percent last year and is estimated at 30 percent this year.

By comparison the ratio in the United States was 87 percent last year and is predicted to rise to 99.30 percent this year, the data shows.


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