Bank of Indonesia reports April external debt at USD439.8 billion as public sector borrowing drives 1.9% annual growth

Bank of Indonesia published April 2026 external debt data showing Indonesia's external debt at USD439.8 billion, with annual growth accelerating to 1.9% from 1.0% in March. The increase was driven mainly by public sector external debt, while private sector external debt continued to contract. The overall debt structure remained stable, with the external debt-to-gross domestic product ratio unchanged at 29.6% and long-term debt accounting for 84.5% of total external debt. Government external debt stood at USD216.4 billion and its annual growth eased to 3.7% from 3.8%, mainly because of slower growth in outstanding foreign loans. Net foreign inflows into government securities continued, and government external debt remained concentrated in long-term maturities, which made up 99.99% of the total, while funding was directed largely to health and social activities, public administration and social security, education, construction, and transport and storage. Private external debt totaled USD193.2 billion and contracted 0.7% year on year after a 1.4% decline in March, mainly reflecting a 5.0% contraction in debt at financial corporations. Manufacturing, financial and insurance services, electricity and gas, and mining and quarrying accounted for 79.6% of private external debt, with long-term maturities representing 75.8%. Bank of Indonesia said it will continue coordinating with the government to monitor external debt developments and maintain a prudent external debt structure to support development financing while limiting risks to economic stability.