Business · Economy · 2 days ago
Indonesia’s budget deficit reaches Rp 319 trillion by September
Indonesia’s national budget had a deficit of Rp 319 trillion by the end of September 2026, equal to 1.24% of gross domestic product.
A deficit means the government spent more than it received.
Finance Minister Suahasil Nazara said the deficit was planned and was on track.
Government spending had reached Rp 2,660.5 trillion, while revenue was reported at Rp 2,314.5 trillion.
The government had also taken on Rp 494.3 trillion in new borrowing, about 59.4% of its annual target.
Nazara said borrowing was under control and that the government was watching market conditions as it issued government bonds.
The government expects the deficit to reach 2.8% of GDP by the end of 2026.
Indonesia’s state budget deficit reached Rp 319 trillion by the end of September 2026, equal to 1.24% of gross domestic product.
Finance Minister Suahasil Nazara said the deficit was on track and reflected a budget designed to run a deficit.
The government collected Rp 2,314.5 trillion in revenue and spent Rp 2,660.5 trillion, according to the article’s opening figures.
The government’s new borrowing reached Rp 494.3 trillion, or 59.4% of its annual target.
Suahasil said the government expects the deficit to reach 2.8% of GDP by the end of the year.
- Who
- Indonesia’s government; Finance Minister Suahasil Nazara discussed the figures.
- What
- The state budget deficit reached Rp 319 trillion, or 1.24% of GDP, by the end of September 2026.
- When
- By the end of September 2026; the figures were discussed on October 9, 2026.
- Where
- Indonesia. Suahasil spoke at the Finance Ministry in Jakarta.
- Why
- The government’s spending exceeded its revenue. Suahasil said the budget was designed to run a deficit to support spending that benefits the public.
This story does not have two clearly opposing sides.
The deficit is currently 1.2% of GDP. So, this is on track.
We designed our budget to run a deficit because we want spending now to maximize benefits for the public from day to day.
Debt financing is on track.
Issuing government securities must be done very carefully, looking at market conditions, but also opportunistically.
Suahasil said the budget deficit was 0.9% of GDP, or Rp 240.1 trillion.
The budget deficit reached Rp 319 trillion, or 1.24% of GDP.
Suahasil discussed the budget figures at a press conference at the Finance Ministry in Jakarta.
Suahasil said the government was targeting a deficit of 2.8% of GDP.
- Budget deficit
- Rp 319 trillion by end of September 2026
- Share of GDP
- 1.24%
- Revenue
- Rp 2,314.5 trillion, according to the article’s opening figures
- State spending
- Rp 2,660.5 trillion
- New borrowing
- Rp 494.3 trillion, or 59.4% of the Rp 832.2 trillion target
Sources
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