Indonesia's Budget Deficit Hits 0.70% of GDP at End-May
Jakarta. Indonesia announced Friday that its budget deficit had reached 0.70% of gross domestic product (GDP) as of end-May 2026.
The deficit stood at around Rp 180.4 trillion ($10 billion), according to Finance Minister Purbaya Yudhi Sadewa. However, the budget shortfall was larger compared to the same five-month period last year, when the deficit reached 0.09% of GDP. For 2026, Indonesia has targeted a deficit of 2.68%.
“With an 0.70% deficit, our budget should be very safe,” Purbaya told a press conference in Jakarta.
State receipts hit Rp 1,185 trillion (around $65 billion), equivalent to 37.6% of the annual target. This represents a 19.1 percent year-on-year (yoy) growth. Some of that money was tax receipts at Rp 834.4 trillion (approximately $46.3 billion). Customs and excise reached around Rp 123.8 trillion ($6.9 billion), while non-tax state revenue hit Rp 226.4 trillion ($12.5 billion). There were also Rp 400 billion ($22.2 million) in grants.
“Spending grew 34.4% yoy to Rp 1,365.4 trillion [around $75.7 billion] by the end of May. We have always wanted to speed up spending,” Purbaya said.
Tags: Keywords:
as a preferred
Related Articles
ADB Sees Indonesia Growing 5.2%, Below Govt Target
Indonesia wants to attain 5.4% growth in 2026, and expand by at least 6% the following year.
Indonesia Maintains Strong Economic Fundamentals: Govt
Throughout 2025, the Indonesian economy rose by 5.11% year-on-year (yoy), followed by a 5.61% yoy expansion in Q1 2026.
IMF Upgrades Indonesia’s 2026 Growth Forecast to 5.1%
Indonesia has yet to beat Vietnam as the fastest-growing ASEAN economy.
‘Only Time Will Tell’: Indonesia on World Bank’s 5.2% Forecast
Indonesia aims to grow 5.4% in 2026 and expand further by 6% the following year, topping the World Bank's 5.2% forecasts.
Indonesia’s Budget Deficit Hits 1.24% of GDP
Finance Minister Suahasil Nazara says that Indonesia's state budget has been "designed for a deficit from the get-go".
Indonesia Already Preparing For Next Pandemic: Prabowo’s Brother
Hashim Djojohadikusumo says that "Indonesia is one of the countries that will survive the next Covid-19 pandemic".
Indonesian Stocks Flat as Investors Await September Inflation Data
Indonesian stocks were flat as investors awaited September inflation data amid concerns over rising oil prices and inflation.
Indonesia's Budget Deficit at 0.93% GDP
Newly appointed Finance Minister Suahasil Nazara announced that the state budget's trajectory remained "on track".
Suahasil Inherits Fiscal Credibility Test as Investor Confidence Wavers
Suahasil Nazara faces pressure to restore fiscal credibility as investors seek consistent policies, clearer signals and market confidence.
Indonesia’s Tax Chief Flags Irregularities in Purbaya’s Staff Reshuffle
Indonesia’s tax chief flags irregularities in Purbaya’s staff reshuffle over merit-based appointments.The Latest
Ye Concert, Other Events to Draw 130,000 to GBK, Here’s What to Know
Around 130,000 visitors are expected at Jakarta’s GBK on Saturday as Ye’s concert and several major events take place.
Indonesia Allocates Rp 722 Billion for Year-End Flight Ticket Tax Relief
Indonesia allocates Rp 722 billion to cover domestic flight ticket VAT during the 2026/2027 Christmas and New Year holidays.
Greece Floats Shipbuilding Partnership with Indonesia
Greece says that it possesses “extensive expertise” as it woos Indonesia in shipbuilding partnership.
Indonesian Stocks Rally 4.9%, but Foreign Investors Keep Selling
Indonesia’s JCI rose 4.9% last week, but foreign selling and MSCI downgrade risks continue to cloud the market outlook.
Ye Concert in Jakarta to Deploy 2,000 Security Personnel
More than 2,000 personnel will secure Ye’s Jakarta concert on Saturday, as organizers urge fans to use public transport.Most Popular
