Indonesia's overseas and domestic debt loads stood at 1,282 trillion rupiah (around 128.2 billion US dollars) as of March this year, equivalent to some 52 percent of the country's gross domestic product, an official said Monday.

"The figure comprises 624 trillion rupiah (62.4 billion dollars) of debt in foreign exchange and 658 trillion rupiah (65.8 billion dollars) in local currency," Minister of Finance Jusuf Anwar said in an open-door hearing with legislators at the parliament compound here.

Jusuf said rupiah debts accounted for 52 percent of total debts, trailed by Japanese yen with 21 percent, US dollar with 14 percent, Euro with 4 percent and other currencies with 9 percent.

He acknowledged that the ballooning debt load may weaken government's fiscal sustainability and that the debt portfolio is very vulnerable from the sharp fluctuation of interest rate and the rupiah exchange rate.

On the same occasion, State Minister for the National Development Planning Sri Mulyani Indrawati said the government has targeted to cut debt ratio to 30 percent of GDP by 2009.

Source: Xinhua