UOB economist Enrico Tanuwidjaja reviews Indonesia’s 2027 State Budget, highlighting a calibrated balance between growth and fiscal discipline that matters for the Rupiah and local bonds. The budget assumes a Rupiah exchange rate of Rp17,500 per US$, a 6.0% GDP growth target and a 2.40% of GDP deficit, with financing via disciplined sovereign bond issuance.
Budget assumptions shape Rupiah outlook
“The budget targets economic growth of 6.0%, supported by strategic public investment and prudent fiscal management, with the fiscal deficit projected to narrow to 2.40% of GDP.”
“Rupiah Exchange Rate Rp17,500/US$. Reflects ongoing global financial…
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