Related News
Jakarta (ANTARA News) - Indonesia`s foreign debts stood at US$180.7 billion in the year ended March 31, 2010, up about US$2 billion from a month earlier, a Bank Indonesia director said.

"The increase resulted from the issuance of SBI (Bank Indonesia certificates) and SUN (state debentures) and payments amounting to nearly US$2.2 billion," Nelson Tampubolon, the director of the central bank`s international affairs directorate, said in a discussion with journalists here on Friday.

The debts consisted of US$95.1 billion incurred by the government, US$10.5 billion by Bank Indonesia and US$75.1 billion by the private sector, he said.

The private sector`s debts comprised banks` debts worth US$10.2 billion and non-bank institutions` debts worth US$64.9 billion, he said.

Compared to February 28, the private sector`s debts remained unchanged while the government`s and Bank Indonesia`s debts rose to US$105.6 billion from US$103.4 billion, he said.

While admitting that Indonesia`s debts showed an upward trend, he said its ratio of debts to gross domestic product (GDP) was relatively small and far better than those of other countries.

Data from the Finance Ministry show Indonesia`s ratio of debts to GDP stood at 30 percent last year and is expected to remain at 30 percent this year.

The figure is lower than those of the US at 87 percent in 2009 and projected at 99.30 percent in 2010 and Japan at 216.50 percent in 2009 and projected at 223.40 percent in 2010.(*)

Editor: Jafar M Sidik

COPYRIGHT © 2010

Comment
Send Comment