What is Indonesia's targeted fiscal deficit for 2027, and how does it compare to the expected deficit for 2025?

Indonesia is targeting a fiscal deficit of 2.4% of GDP for 2027, down from the expected 2.85% of GDP for 2025. President Prabowo Subianto stated this goal in his annual budget speech to parliament, emphasizing fiscal prudence and efficiency, and added that the government aims to reduce the deficit further—ultimately striving for a balanced budget.

What are the top spending priorities in Indonesia's 2027 state budget, and what is the proposed total expenditure?

The top spending priorities for Indonesia's 2027 state budget are food and energy self-sufficiency, education, health, and the village economy. The government proposed a modest 4% increase in state expenditure, totaling 4,097 trillion rupiah (approximately $230 billion).

Indonesia Targets 2.4% Deficit, Prioritizes Energy and Food Self-Sufficiency

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President Prabowo aims to reduce the budget deficit to 2.4% through fiscal prudence, highlighting food and energy self-sufficiency while assuming crude oil prices at $75.

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Indonesia Targets 2.4% Deficit, Prioritizes Energy and Food Self-Sufficiency

Indonesia Targets 2.4% Deficit, Prioritizes Energy and Food Self-Sufficiency

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