BI Survey: Public Income Allocation for Consumption Rises

Bank Indonesia’s (BI) latest survey records a change in consumer income allocation for consumption, savings, and debt repayments. The proportion of income used for consumption has increased, while the share for savings has slightly declined compared to the previous month.

In March 2026, the average consumer income used for consumption, or the average propensity to consume ratio, was recorded at 72.2 per cent. “This is higher than the proportion in the previous month, which was 71.6 per cent,” states BI’s consumer survey released on Friday, 10 April 2026.

The share of consumer income saved, or the saving-to-income ratio, in March was relatively stable at 17.6 per cent. However, this figure dipped slightly compared to the previous month’s proportion of 17.7 per cent.

Meanwhile, the consumer income allocated to debt repayments, or the debt instalment-to-income ratio, was recorded at 10.2 per cent. The public’s debt proportion is lower than the previous month’s 10.6 per cent.

The rise in the consumption-to-income ratio increased across most expenditure groups. Meanwhile, the share of income for debt repayments declined across all expenditure groups.

The central bank’s survey does not explain the reasons for the rise in public consumption allocation. However, March coincided with holidays for major religious observances, namely Nyepi, as well as Ramadan and Eid al-Fitr.

This consumer financial note differs from the previous month. In February 2026, BI recorded a decline in consumption and debt repayments, but an increase in public savings.

Consumer income used for spending in February fell from 72.3 per cent to 71.6 per cent. The share of income for debt repayments slightly decreased from 11.2 per cent to 10.6 per cent. Meanwhile, the public’s savings share rose to 17.7 per cent compared to the previous month’s proportion of 16.5 per cent.