JAKARTA - Bank Indonesia (BI) recorded Indonesia's External Debt (ULN) in the fourth quarter of 2025 at US $431.7 billion, higher than the ULN position in the third quarter of 2025 at US $427.6 billion.
However, the Head of the BI Communication Department, Ramdan Denny Prakoso, said that Indonesia's foreign debt position in the fourth quarter of 2025 remained stable and the development was mainly influenced by the public sector's foreign debt.
He explained that the government's ULN in the fourth quarter of 2025 was recorded at US$ 214.3 billion, higher than the position in the third quarter of 2025 of US$ 210.1 billion.
Denny said the development of the ULN was influenced by the inflow of foreign capital in international State Securities (SBN) as long as investors' confidence in Indonesia's economic prospects in the midst of increasing global financial market uncertainty remains good.
"As one of the instruments in the state budget financing, the government's ULN is managed carefully, measured, and accountable with continued use to support the financing of priority programs to maintain fiscal sustainability and strengthen the national economy," he explained in a written statement, Wednesday, February 18.
Denny said that the use of the government's ULN was focused on supporting the Health Services and Social Activities Sector (22.1 percent of the total government ULN), Government Administration, Defense, and Mandatory Social Security (19.8 percent), Education Services (16.2 percent), Construction (11.7 percent), and Transportation and Warehousing (8.6 percent).
He added that the government's ULN position was dominated by long-term debt with a share of 99.99 percent of the total government ULN.
Meanwhile, private ULN was recorded at US$192.8 billion in the fourth quarter of 2025, down from the position in the third quarter of 2025 of US$194.5 billion.
Denny explained that this development was influenced by the decline in the ULN of non-financial corporations.
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 & Quarrying, with a share of 79.9 percent of the total private ULN.
Private ULNs are still dominated by long-term debt with a share of 76.3 percent of total private ULNs.
Denny said that the structure of ULN Indonesia remained healthy, supported by the implementation of the principle of prudence in its management, this is reflected by the ratio of ULN Indonesia to Gross Domestic Product (GDP) of 29.9 percent in the fourth quarter of 2025, as well as the long-term dominance of ULN with a share of 85.7 percent of the total ULN.
"In order to keep the ULN structure healthy, Bank Indonesia and the government continue to strengthen coordination in monitoring the development of ULN," he continued.
Denny said that the role of the ULN would also continue to be optimized to support financing for development and encourage sustainable national economic growth.
"This effort is carried out by minimizing risks that can affect the stability of the economy," he concluded.
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