FX.co ★ Indonesia Posts Budget Deficit of 1.47% of GDP in Jan-Oct

Indonesia recorded a budget deficit of IDR 379.3 trillion (USD 20.81 billion) in the first ten months of 2026, equivalent to 1.47% of GDP, Finance Minister Suahasil Nazara said on Friday. Over the period, state revenue rose 23.9% year-on-year to IDR 2,618 trillion, while government spending increased 15.6% to IDR 2,997 trillion.

The deficit was narrower than in the same period a year earlier, when the budget showed a shortfall of IDR 479.7 trillion, or 2.02% of GDP. Nazara added that the full-year 2026 budget remains on track to post a deficit of 1.85% of GDP, in line with the government’s projection.

Meanwhile, the primary balance of the 2026 state budget recorded a surplus of IDR 114.8 trillion as of October 2026, compared with a primary deficit of IDR 45 trillion in October 2025.