#Fiscal
House approves 2026 State Budget deficit projection at 2.48–2.53 percent of GDP
Finance Commission XI of the House of Representatives (DPR) has approved the government’s projected budget deficit for the 2026 draft state budget (RAPBN), setting it between 2.48 percent and 2.53 percent of gross domestic product (GDP), lower than the revised 2025 outlook of 2.78 percent.
House, Finance ministers discuss 2026 Budget assumptions amid fiscal pressure
Finance Commission XI of the House of Representatives (DPR) held a hearing on late Thursday, July 3, 2025, with key economic leaders to review macroeconomic assumptions underlying the 2026 State Budget (APBN).
Free nutritious meals program hits only 7 percent budget use amid fiscal deficit concerns
Minister of Finance Sri Mulyani Indrawati has disclosed that only Rp5 trillion (US$308 million) of the Rp71 trillion allocated for Indonesia’s Free Nutritious Meals (MBG) program has been spent as of the end of June 2025 − just 7 percent of the annual state budget allocation for the program, a key initiative of President Prabowo Subianto.
Oil prices edge up amid Israel-Iran tensions, heightening fiscal risks
Global oil prices continued their upward trend on Wednesday, June 18, 2025, driven by growing fears that the escalating conflict between Iran and Israel could disrupt vital energy supply chains, particularly in the Middle East.
Sumitronomics approach seen as key to boosting RI's sustainable economic growth
A senior economist expresses his belief that economic principles of "Sumitronomics" could play a vital role in accelerating Indonesia's economic growth, citing that many ideas from Indonesia’s renowned economic thinker, Sumitro Djojohadikusumo, remain highly applicable in today's context.
Finance ministry has three new directorates
Minister of Finance Sri Mulyani Indrawati officially inaugurated a sweeping leadership reshuffle within the Ministry, announcing the formation of three new directorates aimed at strengthening Indonesia’s fiscal policy, financial sector stability, and financial intelligence capabilities.
Indonesia's slowing economy raises recession concerns: Celios researcher
Indonesia’s economy has posted its slowest quarterly growth since the third quarter (Q3) of 2021, raising red flags over the nation’s recovery momentum and prompting calls for urgent fiscal and monetary interventions.
Praise for Coretax, tax revenue increases significantly in March: Sri Mulyani
The Ministry of Finance has noted that state tax revenue in the first quarter of 2025 was recorded at Rp322.6 trillion (US$20.6 billion), down 18.1 percent compared to the same period last year.
Finance ministry targets illegally operating sectors to boost tax revenue
Minister of Finance Sri Mulyani Indrawati said the government is intensifying efforts to expand the country’s tax base by targeting previously untapped sectors, including those operating illegally.
Unstable data delays January 2025 State Budget performance revelation
The Ministry of Finance has eventually revealed the performance of the January 2025 State Budget (APBN) after postponing it for a month.
February 2025 State Budget deficit reaches Rp31.2 T, revenue drops by 20 percent
The Ministry of Finance noted that the State Budget (APBN) deficit in February 2025 reached Rp31.2 trillion (US$1,9 billion) or equivalent to 0.13 percent of Gross Domestic Product (GDP), wider than the January 2025 deficit which was recorded at Rp23.5 trillion (US$1,4 billion) or 0.10 percent of GDP.
Goldman Sachs downgrades Indonesian Stocks, fiscal risk in the spotlight
Goldman Sachs, an American multinational investment bank, has downgraded Indonesia's stock rating from overweight to market weight amidst a downgrade of the 10- to 20-year government bonds from the market's favorite position to neutral. The downgrade was driven by increasing fiscal risks in Indonesia.