Indonesia’s external debt experienced lower growth. The external debt was recorded at US$409.7 billion in July 2020, consisting of public debt (Government and Central Bank) of US$201.8 billion and private debt (including state-owned enterprises) of US$207.9 billion. Indonesia’s external debt decelerated to 4.1% (yoy) from 5.1% (yoy) in the previous month, stemming from lower private external debt growth amid stable government external debt growth.

Indonesia’s external debt maintained a healthy structure supported by the prudential principle application in its management. Indonesia’s external debt to Gross Domestic Product (GDP) ratio in July 2020 is 38.2%, increased from 37.4% in June 2020. The debt structure remained dominated by long-term debt, accounted for 89.1% of the total external debt.