Governor of Bank Indonesia (BI) Nasution said the size of the private sector debt is still secure globally

Governor of Bank Indonesia (BI) Nasution said the size of the private sector debt is still secure globally


Governor of Bank Indonesia (BI) Nasution said the size of the private sector debt is still secure globally, although the Government has not taken a decision to resolve it.

"If globally, in the aggregate, its size suggests still safe. But when one by one, there may be problems here and there," he said here on Friday.

However, because it has not reached a conclusion on the issue of private sector debt, the Government has not been able to calculate risks.

According to Nasution, the development of private debt is relative sooner. In 2012, private debt even have to match the government's foreign debt.

"But we also measured in many ways, there are many indicators that can be used to measure progress is still considered safe or not," he said.

Although private sector debt states are still in the safe size, Nasution said that the Government will be to see is there any risk that may occur.

"Should the conclusion there is a risk, of course, maybe we'll take the policy," he said.

Nasution said, the private sector debt problem was also discussed in the Coordination Forum for Financial System Stability (FKSSK). However, the new forum to discuss the problem before more detailed look sistuasi private debt.

"It was discussed, but we did not come to the conclusion that the measures had to be taken," he said.

As of October 2012, private foreign debt reached 123.27 billion U.S. dollars, higher than government debt amounted to 120.64 billion U.S. dollars. The ratio of private sector debt increased from approximately 26.4 percent in 2011 to about 27.3 percent of gross domestic product in 2012.