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NATIONAL

Foreign Debt Rises, Ratio Remains Under Control

Bank Indonesia (BI) said foreign debt (ULN) in the first quarter of 2018 remained under control with a healthy structure. This can be seen from the ratio of Indonesia’s foreign debt to Gross Domestic Product (GDP), which was stable in the range of 34 percent.

“The ratio is still better than the peers’ average,” BI said. The foreign debt at the end of the first quarter of 2018 was US$ 358.7 billion, growing 8.7 percent year-on-year (YoY). Its growth was slowed compared to 10.4 percent YoY in the same period last year.

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