AFP:Indonesia's total foreign debt 146.9 billion dollars at end -1998 (fwd)

[Robert Weissman <rob@essential.org>]

Indonesia's total foreign debt 146.9 billion dollars at end-1998
JAKARTA, April 15 (AFP) - Indonesia's total foreign debt reached 146.874
billion dollars as of the end of 1998, of which the public sector owed 77.7
billion dollars, central bank figures showed Thursday.
The private sector owed 69.142 billion dollars, including 6.048 billion
held
by private banks in the forms of credits and domestic securities owned by
non-residents, according to Bank Indonesia documents obtained here.
The documents said the government, excluding state-run enterprises and
banks,
owed 67.327 billion dollars.
They also showed that 11.3 billion dollars of the debt were short-term
obligations, with a maturity of one year or less, while the rest were
medium-
to long-term debt.
The last debt estimate released by Bank Indonesia had said that total
foreign
debt was at 138.018 billion dollars as of March 31, 1998, of which the
government owed 54.388 billion dollars.
State enterprises owed 5.642 billion dollars in foreign debt, of which bank
credits accounted for 4.153 billion dollars.
The bulk of bank credits owed by state enterprises, or 3.992 billion
dollars,
was held by state oil company PT Pertamina and state air carrier PT Garuda
Indonesia, the bank said.
The remainder of state enterprise foreign debt, or 1.489 billion dollars,
was
in the form of domestic securities held by non-residents.
Bank Indonesia said the total of foreign debt owed by banks was at 10.810
billion dollars, compared with 13.603 billion dollars at end-March last
year.
Of this, debt owed by the banks to other financial institutions accounted
for
10.768 billion dollars, with state banks owing 4.744 billion dollars and
private banks 6.024 billion dollars.
State banks also owed 18 million dollars in the form of various domestic
securities held by non-residents and private banks held another 24 million
dollars in similar debt.
Private non-bank debt was at 63.094 billion dollars, compared to 64.458
billion dollars at end-March 1998, of which bank credit accounted for
59.350
billion dollars.
Foreign direct investment firms were responsible for about half of the bank
credit, or 30.553 blillion dollars.
Bank Indonesia said private non-bank companies also owed 3.744 billion
dollars in domestic securities held by non-residents.