Indonesia Tightens Commodities Grip and Sets 2027 Goals
President Prabowo Subianto announced plans to centralize commodity exports through a state enterprise while targeting a lower fiscal deficit of 1.8% to 2.4% of GDP for 2027. The move follows an unexpected interest rate hike by the central bank to stabilize the rupiah amid investor concerns.
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President Prabowo Subianto unveiled a plan to centralize commodity exports and set a 2027 fiscal deficit target of 1.8% to 2.4% of GDP. The move follows a 50 basis point interest rate hike by the central bank to stabilize the rupiah. Investors face new policy risks as Indonesia shifts toward state-led economic management to arrest $908B in revenue losses.
