Indonesia's Budget Deficit Will Rise in 2025, Burdened by Debt and Jokowi's Program

June 05, 2024, 08.25 AM | Reporter: Dendi Siswanto

ILUSTRASI. Minister of Finance Sri Mulyani conveyed the government's response to the PDI Perjuangan faction's views on the 2025 RAPBN framework at the 19th DPR plenary session during session V of the 2023-2024 session at the Parliament complex, Jakarta, Tuesday (4/6/2024). In this response, Sri Mulyani conveyed the government's plan to set a deficit in the range of 2.45 percent to 2.82 percent in the 2025 APBN, including to finance priority programs belonging to the 2024-2029 elected president-vice president Prabowo Subianto-Gibran Rakabuming's government. BETWEEN PHOTOS/Aditya Pradana Putra/rwa.

STATE BUDGET - JAKARTA. JAKARTA. The Indonesian government has once again expanded its fiscal deficit target in the 2025 State Revenue and Expenditure Budget (RAPBN) draft, following three years of strict fiscal discipline.

The deficit for the 2025 RAPBN is set to range from 2.45% to 2.82% of the gross domestic product (GDP). This is a significant increase from the 2.29% of GDP deficit in 2024 and 1.82% in 2023.

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Editor: Syamsul Azhar