State revenue hits 65% in August, Suahasil vows budget credibility
State spending as of the end of August reached only 59.7 percent of this year's allocation as the new finance minister gears up to focus on fiscal continuity.
State revenue in August reached 65% of its target, as new Finance Minister Suahasil Nazara vowed to maintain budget credibility. As of the end of August, state spending stood at 59.7% of the annual allocation, with a positive primary balance and controlled deficit. Spending grew 17.1% year-over-year, while state revenue increased by 25.4%, driven by a 24.1% rise in tax revenue and a 41.7% jump in non-tax revenue.
The budget deficit remained at 0.93% of GDP, and the primary balance remained positive. For 2026, the government forecasts a higher deficit of 2.85% of GDP, slightly better than the 2.92% seen in 2025, nearing the 3% legal limit set after the 1997-1998 Asian financial crisis.
Written by urgent.news from The Jakarta Post's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
