Indonesia’s state budget deficit reached 379.3 trillion rupiah through October 2026, staying on track despite global economic pressures.
The Ministry of Finance announced on Friday, November 13, 2026, that the budget shortfall equals 1.47 percent of gross domestic product, according to ANTARA News Southeast Sulawesi. That figure compares to a 2.02 percent deficit recorded during the same ten-month period in 2025.
Minister of Finance Suahasil Nazara said that the fiscal posture remains resilient amid rising global uncertainty. “Of course, we hope this will continue. This proves that community economic activity remains resilient, economic transactions continue to occur, and economic growth remains conducive to the Indonesian economy,” Suahasil told reporters. detikFinance.
Revenue climbs to 83 percent of target
State revenue climbed to 2,618 trillion rupiah by the end of October 2026, marking 83 percent of the full-year target. Tax revenue grew by 23.2 percent from the previous year, driven by stronger economic activity and improvements in the Coretax administration system, Stockbit Snips | Stock News reported.
Meanwhile, central government spending reached 2,343.6 trillion rupiah through October, representing 74.4 percent of its annual allocation. Total state spending hit 2,997.2 trillion rupiah, up 15.6 percent year-on-year, as energy subsidies and compensation totaled 415.8 trillion rupiah to protect purchasing power.
“For state spending during November and December, Rp. 945 trillion will be spent,” Suahasil told kumparan regarding plans for the final two months of the year.
Deficit outlook stays at 2.85 percent
The government maintained its full-year deficit outlook at 2.85 percent of GDP. This projection holds firm despite macroeconomic assumptions falling short, including an Indonesian Crude Price averaging 94.4 dollars per barrel and rupiah exchange rates weakening.
Net government securities issuance reached funds covering 73.3 percent of the annual target.
Frequently Asked Questions about the State Budget
How much budget is prepared for the last two months of 2026?
The Ministry of Finance has prepared a state spending budget of 945 trillion rupiah for the period November to December 2026.
“Untuk belanja negara selama bulan November dan Desember ini akan dibelanjakan Rp 945 triliun,” Minister of Finance Suahasil Nazara said.
What is the realization of the Free Nutritious Meals program until October 2026?
The budget realization for the Free Nutritious Meals program reached 173.21 trillion rupiah by the end of October 2026.
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