JAKARTA, Jakartaweekly.com—President Prabowo Subianto said the government is targeting economic growth of 6% in 2027, higher than the 5.4% target set in the 2026 State Budget (APBN). Meanwhile, inflation is expected to be maintained at 2.5%. To support the economic growth target, the government is planning state expenditure of Rp4,097.2 trillion under the 2027 Draft […]
JAKARTA, Indonesia (JakartaWeekly.com) – Indonesia’s finance ministry has begun identifying potential budget cuts across government agencies, a preemptive strike aimed at protecting the nation’s fiscal deficit as soaring global oil prices put the state treasury under immense pressure. Finance Minister Purbaya Yudhi Sadewa confirmed on Monday that his office is drafting an efficiency plan to […]
JAKARTA, Indonesia (JakartaWeekly.com) – As the specter of a closed Strait of Hormuz looms over global commodity chains, Indonesia is doubling down on a high-stakes internal strategy: spending its way to safety. Despite the escalating conflict involving the United States, Israel, and Iran, Jakarta’s Ministry of Finance remains bullish, projecting a 5.4% growth rate for […]
