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Market Chatter: Indonesia to Keep Budget Outlook Unchanged Amid Rupiah Pressure

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The Indonesia government will keep its 2026 state budget macroeconomic assumptions unchanged, including the Indonesia Crude Price (ICP) assumption, even as the rupiah weakens, The Jakarta Globe reported Tuesday.

Severe stress scenarios were already factored into financial calculations, including simulations where global oil prices reached $100 per barrel, Finance Minister Purbaya Yudhi Sadewa reportedly said.

The government was also ready with budget efficiency measures to soften the impact of the current conditions, he added while speaking at the PBN KiTa press conference at the Finance Ministry in Jakarta.

"The rupiah shift was also already included in those simulations," the newswire reported, citing Purbaya.

With foreign investment coming back to the domestic bond market amid a rise in yields and improving sentiment, the rupiah is expected to strengthen soon, according to Purbaya.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Market Chatter: Indonesia to Keep Budget Outlook Unchanged Amid Rupiah Pressure | FINWIRES