JAKARTA, March 15 (Xinhua) -- Indonesia recorded foreign debt of 405.7 billion U.S. dollars as of January, declining from 408.1 billion dollars in December 2023, Bank Indonesia said on Friday.

"The decline was contributed by a decrease in public and private sector external debts," said Erwin Haryono, head of the communication department of the central bank.

Government debt was recorded at 194.4 billion dollars, falling from 196.6 billion dollars in the previous month. Haryono said the fall was partly caused by the repayment of the maturity of the Government Securities (SBN) series.

"The government is committed to maintaining credibility by fulfilling obligations to pay principal and interest on time, as well as managing external debt carefully and efficiently," he said.

Meanwhile, private sector foreign debt also declined from 198.1 billion dollars in December 2023 to 196.7 billion dollars in January this year, caused by financial corporations and non-financial corporations. Enditem

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