Indonesia Unveils $230 Billion 2025 Budget Plan
Indonesia Unveils $230 Billion 2025 Budget Plan
Indonesia Unveils $230 Billion 2025 Budget Plan
News summary

Indonesia's government has proposed a 2025 budget of 3,613.1 trillion rupiah (approximately $230 billion), projecting a budget deficit of 2.53% of GDP, down from 2.7% this year. This budget emphasizes infrastructure development, particularly in education, health, and the new capital city of Nusantara, with 400.3 trillion rupiah allocated for infrastructure alone. Outgoing President Joko Widodo noted that the budget aims to enhance the country's competitiveness while reducing logistics costs significantly. The expected state revenue is 2,996.9 trillion rupiah, driven by tax reforms and better governance. Additionally, the government plans to maintain a prudent fiscal policy while supporting social protection programs and health services. The incoming president, Prabowo Subianto, is expected to continue this fiscal prudence amid discussions of economic growth targets.

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31 days ago
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