JAKARTA (Yosefardi) – The government of Indonesia’s foreign debt reached US$264 billion as December 2013, grew by 4.06% year-on-year.
The public sector’s foreign debt declined 2% while private sector’s foreign debt increased 11.3%.
The ratio of foreign debt to GDP of the fourth quarter of 2013 was 30.2%, relatively normal compared to Turki (45%), Latvia (137%), Hongaria (152%), Croasia (107%), Colombia (33%), and Rumania (74%).
While Indonesia’s foreign exchange reserves reaches US$100 billion, then Indonesia has capacity to pay its debts.