FX.co ★ Indonesia Posts 0.93% Budget Deficit in Q1

Indonesia recorded a budget deficit of IDR 240.1 trillion, equivalent to 0.93% of GDP, in the first quarter of 2026, Finance Minister Purbaya Yudhi Sadewa announced on Monday. Government expenditure surged 31.3% year-on-year to IDR 815 trillion, while state revenue increased 10.5% to IDR 574.9 trillion.

Revenue performance was underpinned by tax receipts of IDR 394.8 trillion, up 20.7% from a year earlier. By contrast, customs and excise revenues fell 12.6% to IDR 67.9 trillion, and non-tax state revenues declined 3% to IDR 112.1 trillion.

Total government spending comprised central government expenditure of IDR 610.3 trillion, which rose sharply by 47.7%, and transfers to regions of IDR 204.8 trillion, a slight decrease of 1.1%.