Corporate Foreign Debt Declines in January, Signaling Slowdown in Expansion

Corporate foreign debt in Indonesia decreased to $194.4 billion in January 2025, continuing a four-year decline since 2021.

Annasa Rizki Kamalina,Sri Mas Sari
Selasa, 18 Maret 2025 | 20:10

Bisnis.com, JAKARTA — Bank Indonesia (BI)’s latest data show that corporate foreign debt stood at US$194.4 billion in January, down 0.38% month-to-month and 1.71% year-on-year, continuing its four-year downtrend since 2021 when corporate foreign debt amounted to US$204.8 billion.

The decline in corporate debt contrasts the uptrend in Indonesia’s foreign debt position. Meanwhile, the corporate debt downtrend largely occurs in non-bank financial and non-financial firms, while foreign debt in banks show an increase.

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