Hoax! Indonesia's State Budget Only Lasts Three Months

Jakarta (ANTARA/JACX) – A post on the social media platform TikTok claims that Indonesia’s State Revenue and Expenditure Budget (APBN) will only last for three months and that the rupiah exchange rate has the potential to weaken to Rp20,000 per US dollar. The post also presents a narrative as if the statement was directly made by Finance Minister Purbaya Yudhi Sadewa in an official hearing. The following is the narrative in the post: “APBN only enough for 3 months, Rupiah could reach 20,000”. However, is it true that Indonesia’s APBN only lasts three months? Explanation: Based on the investigation, no information or official statements from the government or credible media confirm the claim. The Ministry of Finance in its post also states that the narrative claiming the APBN can only last three months or the rupiah will reach Rp20,000 per US dollar is a hoax. In addition, the post is identical to this news coverage which discusses a meeting related to the financing of the Whoosh high-speed train project. In its original context, the Finance Minister emphasised that payments for the project’s debt should not burden the state finances, rather than stating a critical APBN condition. Therefore, the claim that Indonesia’s APBN is only sufficient for three months and the rupiah will reach Rp20,000 per US dollar is untrue information or a hoax. Rating: Indonesia’s APBN only lasts three months Claim: Hoax Fact-check: Hoax! Purbaya says Indonesia potentially faces monetary crisis Fact-check: Fact-check, government admits Tapera funds used to cover APBN deficit