Indonesian Political, Business & Finance News

Archive: 20 August 2025

1 article found

Indonesia's 2026 Budget Targets Lower Deficit, Record Education Spending

Indonesia's government has unveiled a 2026 budget targeting a lower fiscal deficit of 2.29% of GDP whilst pledging no new taxes, instead focusing on efficiency improvements and compliance strengthening. The headline commitment is a record IDR 757.8 trillion (approximately USD 47 billion) allocation to education, the highest in the nation's history, underscoring the administration's long-term investment in human capital.