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

[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.