Jakarta, ThedailyID — Indonesia’s external debt reached US$439.8 billion, or around Rp7,775.7 trillion, in April 2026, according to data released by Bank Indonesia.
The figure grew 1.9% year-on-year, up from the 1% growth recorded in March. Bank Indonesia said the increase was driven by higher public-sector debt, while private-sector debt continued to contract.
“The position of Indonesia’s external debt remains well maintained,” said Bank Indonesia Executive Director and Head of Communications Department, Ramdan Denny Prakoso.
Government external debt stood at US$216.4 billion in April, growing 3.7% year-on-year. However, the pace slowed slightly from the 3.8% growth recorded in March.
Ramdan said the moderation mainly reflected slower growth in government foreign loans. Despite that trend, foreign investors continued to record net inflows into government bonds, signaling confidence in Indonesia’s economic outlook.
The government directed most of its external debt toward productive sectors. Healthcare and social services received the largest share at 22%.
Meanwhile, government administration, defense, and social security programs accounted for 20.5%. Education received 16.2%, followed by construction at 11.5% and transportation and warehousing at 8.5%.
Nearly all government external debt consisted of long-term obligations. Long-term debt represented 99.99% of the total government foreign debt portfolio.
On the other hand, private-sector external debt continued to decline. The sector’s debt reached US$193.2 billion, contracting 0.7% year-on-year in April.
The figure showed an improvement from the 1.4% contraction recorded in March. Financial institutions helped support the recovery as their debt contraction eased from 6.3% to 5%.
Based on economic sectors, manufacturing, financial services, electricity and gas supply, and mining remained the largest contributors. Together, those sectors accounted for 79.6% of total private external debt.
Bank Indonesia also said the country’s debt structure remained healthy. The external debt-to-GDP ratio stayed stable at 29.6% in April 2026.
In addition, long-term debt accounted for 84.5% of Indonesia’s total external debt. The central bank said it would continue coordinating with the government to maintain a healthy debt profile and support sustainable economic growth.
