{
    "success": true,
    "data": {
        "id": 1809134,
        "msgid": "lower-oil-prices-could-improve-indonesias-fiscal-space-govt-1781751008",
        "date": "2026-06-18 08:34:16",
        "title": "Lower oil prices could improve Indonesia's fiscal space: govt",
        "author": "",
        "source": "ANTARA_EN",
        "tags": "",
        "topic": "Economy",
        "summary": "Indonesian officials express optimism that falling global oil prices, now below US$80 per barrel, will ease fiscal pressures by significantly reducing the cost of the country's substantial oil imports. The government notes that this decline, coupled with strengthening rupiah and stock market performance, could bolster Indonesia's already solid economic fundamentals. Officials also suggest that lasting peace in the Middle East would further reinforce the nation's strong macroeconomic position.",
        "content": "<p>\u201cWe see that Indonesia\u2019s fiscal space will become lighter, especially\nwith the decline in global oil prices,\u201d Qodari said in Jakarta on\nWednesday.<\/p>\n<p>He noted that recent developments involving Iran, the United States,\nand Israel have raised hopes for global economic stability, although the\nsituation remains dynamic and should be approached with caution.<\/p>\n<p>According to Qodari, lower oil prices are positive news for\nIndonesia. Global oil prices that previously stood at around US$93 per\nbarrel have now fallen below US$80 per barrel.<\/p>\n<p>Given Indonesia\u2019s substantial oil import needs, the decline is\nexpected to reduce government spending and improve the country\u2019s fiscal\nposition.<\/p>\n<p>\u201cWith Indonesia\u2019s import needs at around 1.6 million barrels per day,\nthe savings for the government can certainly be significant. This is\ngood news that we welcome with optimism and it will provide better\nfiscal space,\u201d he said.<\/p>\n<p>Qodari also noted improvements in several economic indicators over\nthe past few days.<\/p>\n<p>The composite stock index has returned to above the 6,000 level,\nwhile the rupiah exchange rate has strengthened to below Rp18,000 per US\ndollar.<\/p>\n<p>He added that Indonesia\u2019s economic fundamentals remain strong.<\/p>\n<p>\u201cOur fundamentals were already strong even before this. We have\nforeign exchange reserves equivalent to more than five months of\nimports, inflation remains under control, and our foreign debt is below\nthe average of many other countries,\u201d he said.<\/p>\n<p>According to Qodari, those solid fundamentals could become even\nstronger if lasting peace is achieved in the Middle East.<\/p>\n<p>\u201cIndonesia\u2019s economic fundamentals are very strong, and they will\nbecome even stronger if peace can be achieved in the Middle East,\u201d he\nadded.<\/p>\n<p>Related news: Russian crude imports to continue despite Hormuz\neasing: Indonesia<\/p>\n<p>Related news: Foreign investors rush Into Indonesian stocks after\nmarket sell-off<\/p>\n<p>Translator: Fathur Rochman, Yashinta Difa<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/lower-oil-prices-could-improve-indonesias-fiscal-space-govt-1781751008",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}