Arnoldus Kristianus, Jakarta – The House of Representatives on Tuesday passed the 2026 State Budget Law in a plenary session attended by Finance Minister Purbaya Yudhi Sadewa.
The budget foresees a wider fiscal deficit than this year but is intended to serve as a tool to achieve the government's short- and medium-term development goals, while also acting as a buffer for low-income households against economic shocks.
Macroeconomic assumptions
- Economic growth: 5.4 percent
- Inflation: 2.5 percent
- Exchange rate: Rp 16,500 per US dollar
- 10-year government bond yield: 6.9 percent
- Indonesian crude oil price (ICP): $70 per barrel
- Oil lifting: 610,000 barrels per day
- Gas lifting: 984,000 barrels of oil equivalent per day
Key projections
- State revenue: Rp 3,153.58 trillion
- Tax revenue: Rp 2,693.71 trillion
- Non-tax revenue (PNBP): Rp 459.2 trillion
- Grants: Rp 660 billion
- State expenditure: Rp 3,842.72 trillion
- Central government spending: Rp 3,149.73 trillion
- Ministries: Rp 1,510.55 trillion
- Non-ministerial agencies: Rp 1,639.19 trillion
- Transfers to regions: Rp 692.99 trillion
- Budget deficit: Rp 689.15 trillion, or 2.68 percent of GDP
Welfare indicators
- Open unemployment rate: 4.44-4.96 percent
- Poverty rate: 6.5-7.5 percent
- Extreme poverty rate: 0-0.5 percent
- Gini ratio: 0.377-0.380
- Human Capital Index: 0.57
- Farmers' Welfare Index: 0.7731
- Formal job creation: 37.95 percent
- GNI per capita: $5,5
Finance Minister Purbaya stressed that fiscal discipline will remain a priority, but the 2026 budget is also designed to accelerate growth, create jobs, and reduce inequality, while ensuring macroeconomic stability.
Source: https://jakartaglobe.id/business/indonesia-sets-2026-gdp-growth-target-at-54-deficit-at-268-of-gd