# economy

Finance Ministry Defends 3% Deficit Cap as Lawmakers Seek More Fiscal Room

Indonesia’s Finance Ministry stands by the 3% budget deficit cap as lawmakers push for greater fiscal flexibility to spur growth.
Business Sep 18, 2026 | 11:45 am

BPOM’s Rp 1.2 Trillion MBG Budget Request Cut to Rp 509 Billion

BPOM will rely on random food sample testing to monitor the MBG program in 2027 after lawmakers cut its Rp 1.2 trillion budget request.
Business Sep 18, 2026 | 10:58 am

Indonesia's Budget Deficit at 0.93% GDP

Newly appointed Finance Minister Suahasil Nazara announced that the state budget's trajectory remained "on track".
Business Sep 18, 2026 | 10:30 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 18, 2026 | 8:02 am

Golkar Lawmaker Wants to Break Indonesia’s 3% Deficit Rule

Indonesia’s parliament is weighing a more flexible budget deficit rule as lawmakers seek fiscal room to boost economic growth.
Business Sep 17, 2026 | 5:38 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.
Business Sep 17, 2026 | 4:49 pm

Rupiah Slides to Rp 17,753 as Fed Raises Rates

Rupiah falls 0.32% to Rp 17,753 per dollar as the Fed raises rates and Middle East tensions keep markets on edge.
Business Sep 17, 2026 | 4:34 pm

DPD Raises Alarm over Rp 650 Trillion Debt Interest Bill

Indonesia plans Rp 650.31 trillion in debt interest payments for 2027, nearing Rp 735 trillion in regional funding.
Business Sep 16, 2026 | 8:52 pm

Indonesia Stocks Buck Asian Rally as Fiscal Concerns Take Hold

Indonesian stocks fell 0.38% as investors weighed fiscal concerns under the new finance minister and awaited the Fed’s rate decision.
Business Sep 16, 2026 | 4:10 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 | 2:50 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 16, 2026 | 1:42 pm

Jakarta’s Rp 5.6 Trillion Bond Plan Draws Caution from Home Affairs Minister

Tito Karnavian urged caution over Jakarta’s Rp 5.6 trillion bond plan, warning regional debt must not burden future administrations.
Business Sep 16, 2026 | 2:36 am

Indonesia’s External Debt Reaches $454.8 Billion, Up 4.9% Year on Year

Indonesia’s external debt edged up to $454.8 billion in July, equivalent to 30.7% of GDP, while private-sector debt fell 1.2%.
Business Sep 15, 2026 | 8:26 pm

Rupiah Weakens to Rp17,694 on Oil Risks, Finance Minister Change

Rupiah closed at Rp17,694 per dollar as Middle East tensions, oil supply fears and Fed rate hike bets pressured the currency.
Business Sep 15, 2026 | 6:42 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 | 5:04 pm

Brent Near $108, Indonesia’s ICP Rises as Middle East Oil Risks Mount

Brent nears $108 as Indonesia’s oil price rises, raising concerns over inflation and economic risks from the Middle East conflict.
Business Sep 15, 2026 | 4:18 pm

Indonesia’s Manufacturing Stagnation Raises Deindustrialization Risk: Economist

Indonesia risks deindustrialization as manufacturing stagnates and commodity dependence continues 81 years after independence.
Business Sep 15, 2026 | 2:22 pm