Addin Anugrah Siwi, Jakarta – Indonesia will maintain its 2026 state budget macroeconomic assumptions despite the rupiah weakening to around Rp 17,700 per US dollar, Finance Minister Purbaya Yudhi Sadewa said on Tuesday, arguing the government had already built severe stress scenarios into its fiscal calculations.
Purbaya said the government also had no plans to revise the Indonesia Crude Price (ICP) assumption, as simulations conducted earlier had incorporated scenarios of global oil prices reaching $100 per barrel alongside rupiah depreciation.
"When we conducted simulations assuming global oil prices averaged $100 per barrel throughout the year, we had already factored that in," Purbaya said during the APBN KiTa press conference at the Finance Ministry in Jakarta,
Because the pressure scenarios had already been anticipated, the government sees no urgency to revise the 2026 state budget's macroeconomic assumptions, he added.
Purbaya said the government had also prepared budget-saving measures to cushion the impact of current economic conditions.
"So there is no need for me to change anything anymore. We have already implemented savings measures that we believe are sufficient for the current situation. The rupiah shift was also already included in those simulations," he said.
He also expressed confidence that the rupiah would not remain at current weak levels for long as market sentiment had started to improve.
According to Purbaya, foreign investor funds had begun returning to the domestic bond market, which could help strengthen the rupiah in the near term.