ANALISIS UTANG LUAR NEGERI INDONESIA TAHUN 2000-2019

Abstract

Foreign debt has a role in fulfilling sources of budget financing and Indonesia's economic development, but in practice foreign debt is used not only for development, but is often used for payment of principal installments and interest on foreign debt. The accumulation of foreign debt that continues to increase can cause problems. There are several factors that can affect Indonesia's foreign debt. This study aims to analyze the effect of the rupiah exchange rate, gross domestic product, and foreign exchange reserves on Indonesia's foreign debt in 2000-2019. The data used in this study is time series , namely the years 2000-2019 with the multiple linear regression analysis method. The results of the study indicate that the rupiah exchange rate and foreign exchange reserves have a significant effect on Indonesia's foreign debt, while gross domestic product has no significant effect on Indonesia's foreign debt. Simultaneously, the three independent variables have a significant effect on Indonesia's foreign debt.