Government Declares Foreign Reserves Safe at USD 145.3 Billion
Coordinating Minister for Economic Affairs Airlangga Hartarto has stated that foreign exchange reserves as of July 2026 are safe, at 145.3 billion US dollars, equivalent to 5.5 months of imports.
“If we look at it, the external buffer is safe, international projections are maintained, foreign exchange reserves are equivalent to 5.5 months of imports or 145.3 billion (US dollars),” said Airlangga during the Press Conference on the Financial Note and the 2027 State Budget Draft held at the Directorate General of Taxes Head Office in Jakarta on Friday.
Meanwhile, the trade balance for the January–June 2026 period showed a cumulative surplus, with the deficit in June lower compared to May.
“The cumulative trade balance for January–June is still positive at 3.58 billion US dollars,” said Airlangga.
He also said that the International Monetary Fund (IMF) and Asian Development Bank (ADB) projections for Indonesia’s economic growth in 2026 stand at 5.0–5.2 percent, holding steady compared with projections for other Asian regions that have been cut.
“Then, the rupiah strengthened by 0.69 percent in the past week,” said Airlangga.
These indicators are what Airlangga believes point to the safety of the external buffer for Indonesia’s economic development.
The government is targeting Indonesia’s economic growth in 2027 to reach 6 percent year on year, as set out in the 2027 State Budget Draft.
President Prabowo Subianto said this growth target is higher than the 2026 state budget target of 5.4 percent.
In 2027, the government is targeting state spending of Rp4,097.2 trillion, up from Rp3,842.7 trillion in the 2026 state budget. On the other hand, state revenue is estimated to reach Rp3,426 trillion, up from Rp3,153.6 trillion in the 2026 state budget.
Financing is planned at Rp671.2 trillion with a deficit of 2.40 percent of Gross Domestic Product, down from the 2026 state budget financing plan of Rp689.1 trillion with a deficit of 2.68 percent of GDP.