Bank of Indonesia published updated external debt statistics showing Indonesia’s external debt position at USD 431.5bn in April 2025, with year-on-year growth accelerating to 8.2% from 6.4% in March, while characterising overall external debt as manageable. The increase was driven mainly by the public sector and was also affected by broad-based depreciation of the US dollar against most global currencies. Government external debt reached USD 208.8bn, with growth rising to 10.4% year on year from 7.6% in March, reflecting higher loan withdrawals and increased foreign inflows into domestic government securities (SBN). By sector, government external debt supported human health and social activities (22.3% of the total), public administration, defence and compulsory social security (18.7%), education (16.4%), construction (12.0%), and transportation and storage (8.7%); 99.9% was long term. Private external debt stood at USD 194.8bn, with the contraction easing to 0.6% year on year from 1.0% in March; within this, financial corporations’ external debt grew 2.9% after a 2.2% contraction in March, and manufacturing, insurance and financial services, electricity and gas supply, and mining and quarrying together accounted for 80.0% of total private external debt, with 76.9% long term. The external debt-to-GDP ratio fell to 30.3% from 30.6% in March, with long-term debt comprising 85.1% of total external debt. Bank Indonesia and the Government stated they will continue strengthening coordination to monitor external debt developments, alongside publication of the June 2025 edition of Indonesia’s External Debt Statistics (SULNI) on the Bank Indonesia and Ministry of Finance websites.

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