Indonesia: Posts Budget Deficit of 1.47% of GDP in Jan-Oct.

Indonesia posted a budget deficit of IDR 379.3 trillion (USD 20.81 billion) in the first 10 months of 2026, equivalent to 1.47% of GDP, Finance Minister Suahasil Nazara said on Friday. During the period, revenues reached IDR 2,618 trillion, up 23.9% year-on-year, while fiscal spending rose 15.6% to IDR 2,997 trillion. The latest figure was lower than in the same period last year, when the budget registered a deficit of IDR 479.7 trillion, or 2.02% of GDP. He added that, for the full fiscal year 2026, the budget is on track to post a deficit of 1.85% of GDP, unchanged from the government's projection. Meanwhile, the primary balance of the 2026 state budget recorded a surplus of IDR 114.8 trillion as of October 2026. This figure was higher than the primary balance in October 2025, when the government recorded a deficit of IDR 45 trillion.