Indonesia's Budget Deficit at end-March Stood at 0.93% of GDP, Minister Says

MACROECONOMICS - JAKARTA, April 6 - Indonesia's budget deficit in the first quarter of 2026 stood at 0.93% of its gross domestic product, its finance minister said on Monday.

Purbaya Yudhi Sadewa was presenting the latest data on government revenues to parliament.

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Last year's Q1 budget deficit was only 0.41% of GDP, and the increase this year was due to the frontloading of government spending.

Purbaya said Q1 spending stood at 815 trillion rupiah ($47.84 billion), up 31.4% from the year before, while revenues hit 574.9 trillion rupiah, up 10.5% from the first quarter of 2025.

Purbaya added that the government will keep the budget deficit below the legal ceiling of 3% of GDP this year.

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He also said the government will not increase prices of subsidised fuel amid an ongoing war in the Middle East, which has choked supplies and sent global oil price surging.

Indonesia still has enough budget to maintain current prices, he added. ($1 = 17,035 rupiah)