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Indonesia’s 2025 budget forecasts growth at 5.2%, modest deficit of 2.53% of GDP

Over 400 trillion rupiah set aside for infrastructure, including funding to build new capital city Nusantara

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Elisa Valenta

Elisa Valenta

Published Fri, Aug 16, 2024 · 05:56 PM
    • Widodo (left) talks to Prabowo after delivering his final state address on Friday; Widodo has been laying the groundwork for a seamless transition by supporting initiatives championed by Prabowo.
    • Widodo (left) talks to Prabowo after delivering his final state address on Friday; Widodo has been laying the groundwork for a seamless transition by supporting initiatives championed by Prabowo. PHOTO: EPA-EFE

    [JAKARTA] Indonesian President Joko Widodo has proposed a budget of 3,613 trillion rupiah (S$303.7 billion) for 2025 to fund the agenda of his successor Prabowo Subianto, including the ongoing development of the new capital city Nusantara.

    The 63-year-old Widodo delivered his final state address on Friday (Aug 16), which comes two months ahead of his departure from office on Oct 20.

    He said that Indonesia must continue structural reforms and prepare sound fiscal policies to anticipate global uncertainties.

    IndonesiaIndonesia Budget

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