Prabowo proposes US$230 billion budget for 2027; targets deficit at 2.4% of GDP
President Prabowo Subianto also announced that the government was planning to revise its citizenship law to allow some Indonesians to hold dual nationality for the first time.
Indonesian President Prabowo Subianto presented a 2027 budget of $230 billion, targeting a fiscal deficit of 2.4% of GDP. The expansive budget focuses on eight key programs, including food and energy self-sufficiency, industrial development, and education. Prabowo also plans to create a commodity exchange for strategic resources, aiming to launch operations in January 2027.
The government seeks to maintain control over natural resources and prevent prices from being determined by external factors. A sovereign wealth fund arm, Danantara Development Management Fund, will invest in long-term projects like Java's sea wall. The budget deficit is the smallest since 2024, and the government aims to achieve 6% GDP growth in 2027, up from the previous 5.4% target.
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Also reported by 1 other outlet
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