JAKARTA - Bank Indonesia (BI) reported that Indonesia's foreign debt position (ULN) in February 2026 was recorded at US $437.9 billion, an increase compared to the previous month's ULN position of US $434.9 billion.
The Executive Director of the Communication Department, Ramdan Denny Prakoso, said that Indonesia's foreign debt position in February 2026 remained stable.
However, on an annual basis, ULN Indonesia in February 2026 grew by 2.5 percent (yoy), higher than the growth in the previous month of 1.7 percent (yoy).
He added that the increase in the ULN position was mainly driven by the public sector ULN, especially the central bank, in line with the inflow of foreign capital into monetary instruments, namely the Rupiah Securities of Bank Indonesia (SRBI), meanwhile, the private ULN position decreased.
Denny added that the government's ULN position in February 2026 was recorded at US $ 215.9 billion, or grew annually by 5.5 percent (yoy), slightly lower than the growth in the previous month of 5.6 percent (yoy).
"The development of the government's ULN position is mainly influenced by the decline in the position of debt securities," he said in a statement, Wednesday, April 15.
Based on the economic sector, the use of the government's ULN is used to support the Health Services and Social Activities Sector (22.0 percent of the total government ULN); Government Administration, Defense, and Mandatory Social Security (20.3 percent); Education Services (16.2 percent); Construction (11.6 percent); and Transportation and Warehousing (8.5 percent).
"The government's ULN position is dominated by long-term debt with a share of 99.98 percent of the total government ULN," he said.
Meanwhile, Denny said the increase in the Bank Indonesia's ULN was driven by an increase in non-residents' ownership of monetary instruments issued by Bank Indonesia in line with pro-market monetary operations and efforts to maintain the stability of the Rupiah exchange rate from the impact of increasing global uncertainty.
In addition, the position of private ULN in February 2026 was recorded at US$ 193.7 billion, or on an annual basis it was recorded to have decreased by 0.7 percent (yoy).
He added that the development of private ULN was influenced by the group of borrowers of financial institutions (financial corporations) and non-financial corporations which each fell by 2.8 percent (yoy) and 0.2 percent (yoy).
Based on the economic sector, the largest private ULN comes from the Processing Industry Sector; Financial Services and Insurance; Electricity and Gas Procurement; and Mining and Quarrying, with a share of 80.3 percent of the total private ULN.
"Private ULN is dominated by long-term debt with a share of 76.0 percent of total private ULN," he said.
However, Denny said that ULN Indonesia's structure is healthy, supported by the application of the principle of prudence in its management.
According to him, this is reflected in Indonesia's ULN ratio to Gross Domestic Product (GDP) which is recorded at 29.8 percent, as well as the long-term dominance of ULN with a share of 84.9 percent of the total ULN.
He said that in order to maintain a healthy ULN structure, Bank Indonesia and the Government continue to strengthen coordination in monitoring the development of ULN.
"The role of the ULN will also continue to be optimized to support financing for development and encourage sustainable national economic growth. These efforts are carried out by minimizing risks that can affect economic stability," he explained.
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