Jakarta - Bank Indonesia announced that Indonesia's external debt in May 2022 had declined again.

"Indonesia's external debt position at the end of May 2022 was recorded at US$406.3 billion, down from the position of external debt in the previous month of US$410.1 billion," said Head of BI Communications Department Erwin Haryono on Friday (7/15).

He assessed that the low external debt was triggered by a decline in external debt position in the public sector (government and central bank) and the private sector. On an annual basis, external debt in May 2022 contracted by 2.6% (YoY), deeper than the contraction in the previous month of 2.0% (YoY).

"The government's external debt in May 2022 consistently continued a downward trend. The position of government external debt in May 2022 was recorded at US$188.2 billion, down from the position of external debt in the previous month of US$190.5 billion," he explained.

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