Indonesian Parliament Approves 2025 State Budget
Indonesian Parliament Approves 2025 State Budget
Indonesian Parliament Approves 2025 State Budget
News summary

Indonesia's parliament has approved the 2025 state budget, totaling 3,621 trillion rupiah (approximately $237 billion), in preparation for President-elect Prabowo Subianto's administration, which begins on October 20. The budget aims to support an economic growth target of 5.2%, a slight increase from the previous year's forecast, while the fiscal deficit is projected to narrow to 2.53% of GDP. A significant portion of the budget is left unallocated to allow the incoming government to adjust it according to its priorities, including key programs like free meals for children and health initiatives. Finance Minister Sri Mulyani Indrawati acknowledged the budget's alignment with the new government's priorities during deliberations. The budget includes a revenue target of 3,005.1 trillion rupiah and anticipates an average exchange rate of 16,000 rupiah per dollar. This budget aims to provide fiscal space for the new administration while ensuring essential social programs are funded.

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