The Business Times

Indonesia Budget

Opinion & Features

Prabowo’s zero-deficit delusion

Indonesian parliament members sit as President Joko Widodo delivers a speech ahead of Independence Day, at the parliament building in Jakarta, Indonesia, August 16, 2019. REUTERS/Willy Kurniawan
International

Indonesia parliament passes Prabowo's US$231 billion budget for 2026

Indonesia has rules limiting the annual budget deficit at 3 per cent of GDP and keeping public debt at no more than 60 per cent of GDP Purbaya told a press conference, while adding these numbers were “arbitrary”.
International

No need for changes in Indonesia’s fiscal rules: finance minister

Indonesia’s newly appointed Finance Minister Purbaya Yudhi Sadewa sings the national anthem during the handover ceremony from his predecessor Sri Mulyani Indrawati at the Ministry of Finance in Jakarta on September 9, 2025. (Photo by BAY ISMOYO / AFP)
ASEAN Business

Indonesia raises budget deficit target to fund region transfers

Indonesian Finance Minister Sri Mulyani said the government may use excess cash accumulated from previous years to fund a higher deficit, which could reduce the need to issue more debt in the second half of 2025.
ASEAN Business

Indonesia’s 2025 fiscal deficit target revised upwards to 2.78% of GDP, minister says

Indonesia has pledged to increase its energy and agriculture imports from the US, as well as increase cooperation for the supply of critical minerals in the trade talks.
International

Indonesia's Q1 current account deficit narrows to 0.1 per cent of GDP

Indonesia’s President Prabowo Subianto has pledged to lift the country's annual growth to 8 per cent by the end of his term in 2029.
ASEAN Business

Indonesia expects 2026 GDP growth of between 5.2%-5.8%

The shortfall stood at 31.2 trillion rupiah (S$ 2.5 billion) in the first two months of 2025, equivalent to 0.13 per cent of gross domestic product, Finance Minister Sri Mulyani Indrawati said.
ASEAN Business

Indonesia posts rare, early budget deficit as revenues slump

University students hold a rally to oppose budget-cutting policies by Indonesian President Prabowo Subianto in front of the Aceh House of Representatives building in Banda Aceh, Indonesia, Feb 19, 2025.
ASEAN Business

Lights out for Indonesia civil servants as Prabowo cuts budgets

FILE PHOTO: Indonesian Defense Minister and President-elect Prabowo Subianto talks with Japanese Defense Minister Minoru Kihara (not pictured) at the start of their talks at the Defense Ministry in Tokyo, Japan, April 3 2024. KIMIMASA MAYAMA/Pool via REUTERS/File Photo
International

Indonesia plans spending cuts worth US$18.84 billion

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