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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.
Government-House agree on Rp43 trillion increase for 2026 regional transfers
The Ministry of Finance and the House of Representatives’ (DPR) Budget Committee (Banggar) have agreed to raise the allocation for regional transfers (TKD) in the 2026 state budget by Rp43 trillion (US$2.6 billion).
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.
Prabowo’s 2026 State Budget: Optimism amid global economic challenges
President Prabowo Subianto’s administration has presented the 2026 State Budget (RAPBN), targeting a growth rate of 5.2–5.8 percent and aiming to keep the fiscal deficit at 2.53 percent of GDP.