JAKARTA – Indonesia's foreign debt fell to $403.9 billion in the first quarter of this year, compared to the $408.5 billion recorded in the previous quarter of last year, the country's central bank announced on Wednesday.The government's foreign debt in the first quarter this year was recorded at $192.2 billion, down from $196.6 billion in the previous quarter.
'This decline was influenced, among other factors, by a rebalancing of nonresident investor funds in the domestic Government Securities market in response to increasing global financial market uncertainty,' said head of Bank Indonesia Communications Department Erwin Haryono.Likewise, private sector foreign debt fell to $197.0 billion from $198.4 billion in the previous quarter.
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