Prabowo Opens 2027 Budget Drafting as Economists Urge Credible Plan Over Ambitious Growth
Updated
Updated · The Jakarta Post · Aug 13
Prabowo Opens 2027 Budget Drafting as Economists Urge Credible Plan Over Ambitious Growth
1 articles · Updated · The Jakarta Post · Aug 13
Summary
Friday’s Financial Notes speech by President Prabowo Subianto will formally launch drafting of Indonesia’s 2027 state budget, putting next year’s fiscal stance and growth assumptions under scrutiny.
Economists say the priority is a credible, executable budget rather than aggressive targets, warning that repeated large deviations would weaken the budget’s role as a policy anchor for households, businesses, banks and investors.
The 2027 budget outlines were first prepared in May and refined through June by the government and House, forming the basis for a bill that will be debated through August and September before becoming law.
Those outlines set the key macro and fiscal assumptions — GDP growth, inflation, exchange rate, revenue, spending and the deficit — as Indonesia tries to balance development ambitions with fiscal prudence.