Indonesia Posts 1.47% GDP Deficit

Indonesia reported a budget deficit of 379.3 trillion rupiah through October, reaching 1.47% of gross domestic product. Revenues rose 24% while spending increased almost 16% as officials maintain full-year deficit projections.

FILE PHOTO: A view of Jakarta's central business district skyline at dusk, with residential neighbourhoods seen in the foreground, in Jakarta, Indonesia, November 5, 2026. REUTERS/Ajeng Dinar Ulfiana/File Photo

Indonesia posted a budget deficit of 379.3 trillion rupiah ($20.81 billion) in the first 10 months of 2026, reaching 1.47% of gross domestic product. The fiscal gap remains well within official targets as revenue growth outpaces spending increases. The steady performance keeps Southeast Asia's largest economy on track to meet its full-year deficit projections amid expanding social expenditures.