Jakarta – Indonesia’s external debt (ULN) position remained healthy and under control as of April 2026. Amidst uncertain global economic dynamics, the debt-to-Gross Domestic Product (GDP) ratio remained stable, reflecting Indonesia’s ability to maintain sustainable financing for national development.
Bank Indonesia (BI) reported that Indonesia’s external debt reached US$439.8 billion in April 2026, representing 1.9 percent year-on-year (yoy) growth. This growth was higher than the 1.0 percent yoy growth recorded in March 2026, primarily driven by increased public sector debt amidst ongoing contraction in private external debt.
Bank Indonesia Executive Director Ramdan Denny Prakoso emphasized that Indonesia’s foreign debt remains at a safe level.
“Indonesia’s foreign debt position remained stable in April 2026. Indonesia’s foreign debt position in April 2026 was recorded at US$439.8 billion, representing annual growth of 1.9% (yoy), higher than the 1.0% (yoy) growth in March 2026,” Ramdan said in an official statement.
BI explained that the government’s foreign debt was recorded at US$216.4 billion, growing 3.7 percent year-on-year. The majority of this financing was used to support productive sectors such as health, education, government administration, construction, and transportation and warehousing. Furthermore, almost all government debt is long-term, accounting for 99.99 percent of total government debt.
Meanwhile, private external debt was recorded at US$193.2 billion and still contracted by 0.7 percent year-on-year. This indicates that the private sector remains cautious about expanding foreign financing.
Ramdan emphasized that the health of Indonesia’s debt structure is reflected in the stable external debt-to-GDP ratio of 29.6 percent in April 2026. Furthermore, 84.5 percent of Indonesia’s total external debt is long-term, thus minimizing short-term financing risks.
“Bank Indonesia and the government continue to strengthen coordination in monitoring foreign debt developments. Indonesia will continue to optimize the role of foreign debt to support development financing and encourage sustainable national economic growth,” said Ramdan.