Indonesia reports budget deficit for January as spending outpaces revenue growth

Indonesia saw a 54.6 trillion rupiah budget deficit in January as spending rose 25.7 percent. Investors are tracking the fiscal health after market volatility.

Indonesia IDID recorded a budget deficit of 54.6 trillion rupiah in January 2026, an amount equivalent to 0.21% of the nation's gross domestic product. The result, announced today, marks a notable shift in fiscal performance as the Government usually books a surplus during the first month of the year. Higher spending during the period offset an increase in revenue, leading to the shortfall.
A drone view shows traffic during evening rush hours in the business district of Jakarta, Indonesia, on February 3, 2026. REUTERS/Willy Kurniawan/ File Photo
A drone view shows traffic during evening rush hours in the business district of Jakarta, Indonesia, on February 3, 2026. REUTERS/Willy Kurniawan/ File Photo
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