Indonesia's 2027 Budget Favors Miners, EV Makers as Prabowo Targets 2.4% Deficit
Updated
Updated · Bloomberg · Aug 15
Indonesia's 2027 Budget Favors Miners, EV Makers as Prabowo Targets 2.4% Deficit
3 articles · Updated · Bloomberg · Aug 15
Summary
Miners, electric-vehicle manufacturers and battery producers are set to be the main winners in Indonesia’s 2027 budget, which analysts say tilts incentives toward commodity-linked industries.
Prabowo Subianto framed the plan as a way to strengthen the commodity sector and cut dependence on costly imported fossil fuels, tying industrial policy to energy security.
The budget sets a 2.4% of GDP deficit target for 2027, narrower than the expected 2.85% this year, while still aiming for 6% economic growth.
Prabowo called the fiscal stance expansive but measured, signaling support for strategic industries now while keeping his longer-term goal of eventually balancing the budget.