{
    "success": true,
    "data": {
        "id": 1772317,
        "msgid": "rupiah-plummets-to-rp14-000-per-singapore-dollar-as-fiscal-concerns-grow-1780073315",
        "date": "2026-05-29 15:08:07",
        "title": "Rupiah Plummets to Rp14,000 per Singapore Dollar as Fiscal Concerns Grow",
        "author": "Teuku Muhammad Valdy Arief",
        "source": "KOMPAS",
        "tags": "",
        "topic": "Economy",
        "summary": "The Indonesian rupiah has hit a historic low against the Singapore dollar, reaching Rp14,000, amid growing fiscal concerns. Domestic factors, including large government expenditure programs such as the Village Red and White Cooperatives (Kopdes) and MBG, are prompting investor caution. Analysts warn the currency could weaken further to Rp15,000-16,000 per SGD if fiscal pressures persist.",
        "content": "<p>Pressure on the rupiah is not only coming from the strengthening of\nthe US dollar (USD). On Friday, 29 May 2026, the rupiah also weakened\nagainst the Singapore dollar. The Indonesian currency briefly touched\nRp14,000 per Singapore dollar, one of the weakest levels in history.\nThis has sparked concerns in the domestic financial market. The rupiah\u2019s\ndecline against the Singapore dollar is not solely due to global\nvolatility. Several domestic factors have made investors more cautious\nabout Indonesian assets. He estimated the rupiah could move towards\nRp15,000 to Rp16,000 per Singapore dollar if domestic financial market\npressures persist. \u2018The rupiah against the Singapore dollar has reached\nnearly Rp14,000, even Rp14,000 which is the weakest level in history.\nBut there is a strong possibility the rupiah against the Singapore\ndollar will head towards Rp15,000-Rp16,000,\u2019 he said. According to\nIbrahim, one of the main factors pressuring the rupiah is increasing\ninvestor concerns over Indonesia\u2019s fiscal condition. Various government\nprograms requiring large budgets have raised questions about the\nsustainability of fiscal management and the health of the national\nbudget (APBN). \u2018Why? I say the rupiah against the Singapore dollar is at\nRp14,000 to Rp15,000 due to domestic fundamental issues which, in my\nview, are poorly managed,\u2019 he explained. Although some budget\nrequirements for these programs have been adjusted, the market is still\nmonitoring their impact on national fiscal health. Ibrahim also\nhighlighted the Village Red and White Cooperatives (Kopdes) program. He\nsaid the program continues to generate various opinions among economic\nactors and investors regarding its effectiveness and long-term\nprospects. \u2018We know there are many large-scale government programs that\ncause concerns about budget deficits, particularly MBG and the Red and\nWhite Cooperatives. Although MBG has been partially scaled back, its\nprevious impact was enormous, with over Rp300 trillion in funds used for\nMBG,\u2019 he added.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/rupiah-plummets-to-rp14-000-per-singapore-dollar-as-fiscal-concerns-grow-1780073315",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}