Indonesia's foreign debt in the second quarter of 2026 rose to US$453.4 billion, an increase of 4.4% compared to the same period last year. This increase was driven by growth in public foreign debt, both government and central bank, while private foreign debt contracted. The structure of Indonesia's foreign debt remains healthy with a ratio to GDP of 30.6% and is dominated by long-term debt. The government is committed to managing foreign debt prudently and using it to support financing for productive sectors. Private foreign debt mainly comes from the manufacturing, financial and insurance services, and mining sectors.
