{
    "success": true,
    "data": {
        "id": 1629532,
        "msgid": "video-investors-monitor-3-state-budget-deficit-risk-its-impact-on-indonesias-market-1774169478",
        "date": "2026-03-22 15:00:36",
        "title": "Video: Investors Monitor 3% State Budget Deficit Risk, Its Impact on Indonesia's Market",
        "author": "",
        "source": "CNBC",
        "tags": "",
        "topic": "Finance",
        "summary": "Indonesia's economy and financial markets face negative sentiments from global rating agencies, including MSCI's suspension of Indonesia's stock index rebalancing and Fitch Ratings' downgrade of the country's debt outlook to negative. Ciptadana Asset Management Director Herdianto Budiarto advises against over-worrying, emphasising the government's role in addressing concerns over the state budget deficit potentially exceeding 3% through revenue enhancement and expenditure reallocation. The downgrade could dampen investor interest, requiring higher yields and prompting a serious governmental response to safeguard market prospects.",
        "content": "<p>Jakarta, CNBC Indonesia - Indonesia\u2019s economy and financial markets\nare currently facing several negative sentiments due to assessments from\nseveral global rating agencies. Following MSCI\u2019s suspension of the\nrebalancing of Indonesia\u2019s stock index, Fitch Ratings has downgraded\nIndonesia\u2019s debt outlook to negative. In response to these assessments\nfrom global rating agencies, Ciptadana Asset Management Director\nHerdianto Budiarto stated that this does not need to be overly\nconcerning, as improvements can address the issue if implemented. The\ngovernment\u2019s role is needed to tackle the assessment of Indonesia\u2019s debt\nprospects, one of which relates to concerns over the state budget\ndeficit that is feared to exceed 3%. If state revenues cannot increase\ndue to global conditions, then state expenditure reallocation and\nsavings are necessary to prevent the deficit from widening further. For\nmarket players, Herdianto Budiarto noted that the deterioration in\nIndonesia\u2019s debt prospects will impact investment interest in\nIndonesia\u2019s financial markets; when the rating falls, investors demand\nhigher returns. Therefore, the government must pay serious attention.\nWhat is the impact of this market sentiment on the prospects of\nIndonesia\u2019s financial markets? How does it affect investment strategies\nin Indonesia\u2019s financial markets? For more details, watch the dialogue\nbetween Andi Shalini and Ciptadana Asset Management Director Herdianto\nBudiarto on Power Lunch, CNBC Indonesia (Monday, 09\/03\/2026).<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/video-investors-monitor-3-state-budget-deficit-risk-its-impact-on-indonesias-market-1774169478",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}