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Winners and losers from Prabowo’s first budget for Indonesia’s economy

Poultry, dairy and banks set to benefit from the country’s 2026 budget

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Elisa Valenta

Elisa Valenta

Published Mon, Aug 18, 2025 · 05:55 PM
    • At the core of Prabowo’s populist agenda is the free nutritious meal programme, with its allocation set to nearly triple to 335 trillion rupiah next year – around 8.9 per cent of the state budget – up from 121 trillion rupiah this year.
    • At the core of Prabowo’s populist agenda is the free nutritious meal programme, with its allocation set to nearly triple to 335 trillion rupiah next year – around 8.9 per cent of the state budget – up from 121 trillion rupiah this year. PHOTO: AFP

    [JAKARTA] Indonesian President Prabowo Subianto’s debut state budget has put the spotlight on food, healthcare and energy security, with analysts highlighting consumer companies, banks and energy companies as the main beneficiaries.

    Unveiled to parliament last Friday (Aug15), the 3,786.5 trillion rupiah (S$297.7 billion) 2026 draft budget marks Prabowo’s first major policy blueprint since taking office last October.

    The budget pairs ambitious social measures aimed at driving 5.4 per cent growth next year with commitments to fiscal discipline, including a goal to eliminate the deficit by 2028.

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