{
    "success": true,
    "data": {
        "id": 1617597,
        "msgid": "state-budget-deficit-unchanged-unless-crisis-emerges-purbaya-reveals-key-indicators-1773662004",
        "date": "2026-03-16 17:35:05",
        "title": "State Budget Deficit Unchanged Unless Crisis Emerges, Purbaya Reveals Key Indicators",
        "author": "",
        "source": "CNBC",
        "tags": "",
        "topic": "Finance",
        "summary": "Finance Minister Purbaya Yudhi Sadewa has disclosed that President Prabowo Subianto has outlined specific indicators that would allow the government to increase the state budget deficit above the 3% of GDP limit if Indonesia faces a crisis. The primary indicator for such action would be global economic recession, which would require additional fiscal stimulus to reverse economic contraction. Currently, the government maintains that the budget deficit remains within acceptable limits and does not require emergency measures or changes to state finance legislation.",
        "content": "<p>Jakarta \u2014 Finance Minister Purbaya Yudhi Sadewa has disclosed that\nPresident Prabowo Subianto has established specific indicators that\nwould permit him and other economic ministers to increase the state\nbudget deficit above the maximum 3% of gross domestic product (GDP)\nthreshold mandated by state finance legislation.<\/p>\n<p>Purbaya stated that the president has confirmed that the 3% GDP\nbudget deficit could exceed the maximum limit set in the State Finance\nLaw if the country faces a crisis situation.<\/p>\n<p>\u201cIn normal circumstances, no, but in a crisis situation, yes,\u201d\nPurbaya said after attending a limited coordination meeting at the\nOffice of the Coordinating Ministry for Economic Affairs in Jakarta on\nMonday, 16 March 2026.<\/p>\n<p>The principal crisis indicator that would prompt Purbaya and fellow\nministers to authorise a budget deficit exceeding 3% is global economic\nrecession. Recession denotes consecutive contractions in economic growth\nrates.<\/p>\n<p>\u201cFor me, a crisis indicator is when the economy is already in\nrecession, and there is global recession as well, with no other way to\nimprove the economy. Or all methods to improve the economy cannot\nreverse the direction of economic growth except through additional\nstimulus to the economy,\u201d Purbaya explained.<\/p>\n<p>Accordingly, he stressed that for now the government still considers\nthe state budget deficit as not requiring adjustment of its maximum\nlimit, making an emergency decree unnecessary.<\/p>\n<p>\u201cBecause the budget is still secure. If oil prices remain high for an\nextended period, then we will recalculate the budget situation, but not\nimmediately through an emergency decree,\u201d he added.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/state-budget-deficit-unchanged-unless-crisis-emerges-purbaya-reveals-key-indicators-1773662004",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}