#APBN
Purbaya cites corruption, inefficient spending behind reduced regional transfers in 2026
Finance Minister Purbaya Yudhi Sadewa said that widespread corruption in regional governments is one of the key reasons behind a significant reduction in the Transfer to Regions (TKD) budget allocation for next year, while simultaneously highlighting inefficiencies and poor spending quality at the local government level.
Economic Council chief backs private funding scheme for Indonesia’s family office initiative
Chairman of the National Economic Council (DEN), Luhut Binsar Pandjaitan, has responded to Finance Minister Purbaya Yudhi Sadewa’s remarks regarding the formation of family offices − private wealth management firms designed for Indonesia’s ultra-rich.
Finance Ministry and House agree to increase regional budget allocation in 2026
The Ministry of Finance and the House of Representatives’ Budget Committee have agreed to raise the allocation for regional transfers (TKD) in the 2026 state budget.
Purbaya to reallocate idle budget funds from ministries and agencies
Minister of Finance Purbaya Yudhi Sadewa has announced that he will closely monitor budget absorption across ministries and government agencies, warning that unspent funds may be reallocated as early as next month.
Indonesia allocates Rp6.26 trillion for IKN in 2026, down from previous years
The government has allocated Rp6.26 trillion (US$387 million) for two development programs of the Nusantara Capital City (IKN) Authority for 2026, down by more than half from the Rp13 trillion allocated in 2025.
President convenes ministers to discuss special economic zones, 2026 budget
President Prabowo Subianto summoned several Cabinet ministers to the Merdeka Palace in Jakarta on Tuesday, July 22, 2025 to discuss the development of Special Economic Zones (SEZs) and the drafting of the 2026 State Budget (APBN).
Prabowo saves Rp20 T in State Budget by reducing travel, ceremonial expenditures
President Prabowo Subianto has made State Budget (APBN) savings of Rp20 trillion (US$1.2 billion) by cutting travel expenses for ministers and officials in the Red and White Cabinet.