{
  "id": 861748,
  "title": "Prabowo proposes US$230 billion budget for 2027; targets deficit at 2.4% of GDP",
  "url": "https://urgent.news/2026/08/14/prabowo-proposes-us-230-billion-budget-for-2027-targets-deficit-at-2",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-14T10:53:41.000Z",
  "source": {
    "name": "Channel News Asia",
    "slug": "channel-news-asia",
    "url": "https://www.channelnewsasia.com/asia/indonesia-budget-2027-president-prabowo-subianto-6319501"
  },
  "original_language": "en",
  "account": "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.",
  "summary": "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.",
  "key_points": [
    "Indonesian President Prabowo proposes $230 billion 2027 budget",
    "Targets 2.4% fiscal deficit of GDP",
    "Launches commodity exchange for strategic resources in Jan 2027"
  ],
  "editors_take": "Prabowo's 2027 budget plan signals a shift towards prioritizing economic growth and self-sufficiency, while also indicating a more controlled approach to managing Indonesia's natural resources and finances.",
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Antara News Indonesia",
        "title": "Indonesia's budget deficit stays at 0.91 pct of GDP through July 2026",
        "url": "https://urgent.news/2026/08/14/indonesias-budget-deficit-stays-at-0-91-pct-of-gdp-through-july-2026",
        "published": "2026-08-14T12:11:10.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}