double-skinned crabsVietnamese crab exportergood crabexellent crab

Indonesia Says It Has Enough Money to Buy Fighter Jets Amid China’s J-10 Plan

Jayanty Nada Shofa
October 15, 2025 | 7:36 pm
SHARE
FILE - Chinese military aircraft fly in formation during a parade to commemorate the 70th anniversary of the founding of Communist China in Beijing, Tuesday, Oct. 1, 2019. (AP Photo/Mark Schiefelbein, File)
FILE - Chinese military aircraft fly in formation during a parade to commemorate the 70th anniversary of the founding of Communist China in Beijing, Tuesday, Oct. 1, 2019. (AP Photo/Mark Schiefelbein, File)

Jakarta. Finance Minister Purbaya Yudhi Sadewa said Wednesday that Indonesia had enough cash to expand its fighter jet fleet as Jakarta hinted at buying China’s Chengdu J-10s. 

Earlier that day, Defense Minister Sjafrie Sjamsoeddin said that the J-10s would “soon fly in Jakarta’s airspace”, signaling Indonesia’s intention of buying the military aircraft. Sjafrie -- an army man -- did not disclose when exactly Jakarta would sign the contract or have the jets sent to the country. 

Asked about the possible J-10 deal, Purbaya said that the defense budgets for both the 2025 and 2026 fiscal years have already been approved. However, the minister admitted he was unsure whether the said budgetary plans would cover the J-10s, as Indonesia had ordered other foreign-made aircraft.

“We have already greenlit the [Defense Ministry’s] budget for next year, but I believe they already have quite a lot of money to spend, haven’t they? Isn’t it at least $9 billion, though I forgot the exact number,” Purbaya told reporters in Jakarta.

ADVERTISEMENT

“I will have to check whether he [Sjafrie] wants to import the fighter jets in question next year or beyond. But we had given what he had requested,” Purbaya said. 

According to the Singapore-based Channel News Asia, a J-10 has a price tag of between $30 million and $40 million. This is much cheaper than the French-made Rafale jets, which can cost up to $120 million for their most basic model. Both are 4.5-generation aircraft, although the Rafale has a longer combat range of 1,850 kilometers compared to the J-10’s 1,240 kilometers. 

Indonesia has placed an order for 42 Rafale jets, three of which are expected to arrive in the first quarter of 2026. In his first year of office, President Prabowo Subianto decided to splurge the defense budget on 48 units of Turkey’s KAAN fighter jets. Reports showed that the contract is worth around $10 billion.

Jakarta is also already co-developing the KF-21 with South Korea as the latter’s junior partner, but the partnership has faced some challenges ranging from missed payment deadlines to data theft accusations.

Government data showed that the Defense Ministry could spend up to Rp 247.5 trillion ($14.9 billion) for the 2025 fiscal year. The ministry had only spent Rp 167.1 trillion ($10 billion) as of Sep. 30, equivalent to 67.5 percent of the budget. Next year, the Defense Ministry has a smaller spending cap of Rp 187.1 trillion (nearly $11.3 billion), with parts of the money also going into military equipment upgrades. 

Sjafrie’s announcement came not long after Prabowo jetted off to Beijing for a military parade commemorating the 80th year of Japan’s defeat at the end of World War II. The J-10s flew over the parade that day. The Chinese government had denied that the parade in question was Beijing’s attempt to get Prabowo -- and other world leaders -- to buy its aircraft.

“[The parade] is not a showcase. … It’s about our responsibility, strength, and determination to safeguard peace, stability, and the development of the world,” Geng Hailing, the counsellor for media at China’s Mission to ASEAN, told the Jakarta Globe.

However, Prabowo did acknowledge how important it was for a country to step up its arms investments, citing Indonesia’s past as a Dutch colony.

"History has taught all of us that a nation that does not want to invest in its defense system will have its independence stolen away. It will be subjugated to the will of others and witness its wealth being stolen,” the retired army general said back in June.

Tags: Keywords:
Google Add Investor.id as a preferred source on Google +
SHARE

Related Articles


Business Sep 18, 2026 | 8:02 am

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.
Business Sep 17, 2026 | 4:49 pm

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.
News Sep 17, 2026 | 12:55 pm

Our Defense Spending Still Way Smaller Than Singapore: Prabowo

Prabowo says Indonesia's military spending is among the smallest in ASEAN, and a small fraction compared to the neighboring Singapore.
Business Sep 16, 2026 | 2:50 pm

US Investors Not Worried by Indonesia’s Finance Minister Switch

US-ASEAN Business Council says that American investors are more concerned about the policy changes rather than who is helming the ministry.
Business Sep 16, 2026 | 1:42 pm

Suahasil’s Return Puts Fiscal Discipline at Center of Prabowo’s Economic Policy

Suahasil Nazara takes over as finance minister, with policy consistency and fiscal discipline emerging as key challenges.
Business Sep 15, 2026 | 5:04 pm

Suahasil Told to Avoid Business Cost Hikes, Tax Refund Delays

Businesses have laid out their wishlist for the newly appointed Finance Minister Suahasil Nazara.
Business Sep 15, 2026 | 1:43 pm

Purbaya Admits Sudden Exit ‘Partly’ due to Internal Shuffling

Ex-Finance Minister Purbaya Yudhi Sadewa speaks up on his sudden dismissal.
Business Sep 15, 2026 | 9:13 am

Indonesian Stocks Gain as Investors Await Suahasil’s Fiscal Policy

Indonesian stocks opened higher as investors weighed Suahasil Nazara’s appointment as finance minister and awaited his fiscal policy.
Business Sep 14, 2026 | 9:58 pm

Suahasil Promises Credible, Trusted Finance Ministry after Purbaya Exit

The new Finance Minister  pledged credibility and economic stability as experts urged him to go beyond maintaining the fiscal status quo.
Business Sep 14, 2026 | 6:06 pm

No Major Change Expected Under New Finance Minister Suahasil

Economists say major shifts will only happen if new Finance Minister Suahasil Nazara is brave enough to make changes.

The Latest


Lifestyle 4 hours ago

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.
Business 4 hours ago

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.
Business 6 hours ago

Greece Floats Shipbuilding Partnership with Indonesia

Greece says that it possesses “extensive expertise” as it woos Indonesia in shipbuilding partnership.
Business 7 hours ago

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.
Lifestyle 19 hours ago

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.
COPYRIGHT © 2026 JAKARTA GLOBE. ALL RIGHTS RESERVED