Bank of Indonesia published updated external debt statistics showing Indonesia’s external debt rose to USD437.9 billion in February 2026 from USD434.9 billion a month earlier, with year-on-year growth accelerating to 2.5%. The increase was mainly driven by the public sector, particularly the central bank, alongside foreign capital inflows into Bank Indonesia Rupiah Securities (SRBI), while private external debt declined. Government external debt stood at USD215.9 billion, up 5.5% year-on-year, with the change linked to a lower outstanding amount of debt securities. Sectoral use of government external debt was concentrated in human health and social activities (22.0%), public administration, defence and compulsory social security (20.3%), education (16.2%), construction (11.6%), and transportation and storage (8.5%), and remained almost entirely long term (99.98%). Private external debt was USD193.7 billion, down 0.7% year-on-year, reflecting slower growth in financial corporations’ external debt (2.8%) and non-financial corporations’ external debt (0.2%), with 80.3% concentrated in manufacturing, financial and insurance services, electricity and gas supply, and mining and quarrying; long-term maturities accounted for 76.0%. Bank of Indonesia assessed the external debt structure as financially stable, citing an external-debt-to-GDP ratio of 29.8% and long-term debt at 84.9% of the total, and said it will continue coordinating with the Government to monitor developments. The data and metadata are published in the April 2026 edition of Indonesia’s External Debt Statistics (SULNI) on the Bank of Indonesia website and via the Ministry of Finance website.
Bank of Indonesia 2026-04-15
Bank of Indonesia reports external debt rose to USD437.9bn in February 2026 driven by public sector inflows into SRBI
Bank of Indonesia reported external debt rose to USD437.9 billion in February 2026, up 2.5% year-on-year, driven mainly by higher public sector borrowing and foreign inflows into Rupiah securities, while private external debt declined. Government external debt reached USD215.9 billion, was almost entirely long term, and concentrated in health, public administration, education, construction, and transport, while private external debt stood at USD193.7 billion with 76.0% in long-term maturities. Bank of Indonesia assessed the structure as stable, citing an external-debt-to-GDP ratio of 29.8% and long-term debt at 84.9% of the total.