Category News : {2E3BF15A-CA11-48C7-88FC-C1420F492808} - Category 1;
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Indonesia’s balance of payment stood at -USD 0.56 Bn in Q2-2024, driven mostly by the financial account surplus (USD 2.67 Bn) while the current account deficit widened to USD 3.02 Bn (0.9% of GDP).
- Indonesia’s balance of payment stood at -USD 0.56 Bn in Q2-2024, driven mostly by the financial account surplus (USD 2.67 Bn) while the current account deficit widened to USD 3.02 Bn (0.9% of GDP).
- Apart from the seasonal effect-driven CA deficit, goods and services imports seems to be slowing down in Q2-2024, indicating a slowing demand condition at home and abroad.
- The sharp increase in the FA surplus is mostly attributed to BI. The relatively stronger Rupiah suggests that this pattern may not continue in Q3-2024, but the government’s anticipated higher loan issuance and increased repatriation of export receipts may help the FA maintain its surplus.
