Asia
Indonesia Sets Bold Fiscal Deficit, Economic Growth Targets for 2027
Indonesia is targeting a 2027 fiscal deficit of between 1.8% and 2.4% of GDP and an economic growth target of between 5.8% and 6.5%, according to a statement by President Prabowo Subianto's office Wednesday.The fiscal deficit target is substantially lower than the 2.9% outlook for 2026, which is just under the 3% ceiling.The targets were announced by Prabowo in a parliamentary address Wednesday.The target for 2027 state income was reportedly set at between 11.82% and 12.4% of GDP, with state expenditure to fall within 13.62% to 14.8% of GDP.The average exchange rate target for the rupiah, which has weakened to record lows recently, will stand at 16,800 to 17,500 per dollar for 2027, with inflation coming in at 1.5% to 3.5%, Prabowo said.
^JKSE