“Indonesia is committed to keeping the deficit under control according to the limits set by the State Budget Constitution,” Mulyani remarked in a meeting with First Deputy Managing Director of the IMF Gita Gopinath in Jakarta on Friday, as she posted in her Instagram post.
Mulyani explained that Indonesia continues to manage the State Budget carefully and wisely while also safeguarding the community's purchasing power through various stimuli to encourage household consumption.
Such efforts are being made to anticipate the impact of global economic turmoil on the national economy.
The minister drew attention to global risks such as supply chain disruptions, higher-for-longer interest rate policies still in place, high risk of inflation, as well as the weakening of the global economy.
“Thus, these are the efforts we are making so that Indonesia's development can continue, even amid difficult challenges,” Mulyani noted.
“We are optimistic but remain vigilant,” she remarked.
She expressed hope that synergy between the government and all elements of society would help keep Indonesia’s growth sustainable.
Under President Prabowo Subianto's leadership, Indonesia is advancing with the ambition of Asta Cita—eight visions focusing on national sovereignty and economic self-sufficiency—where the State Budget plays a role in supporting the government priority programs.
As various development programs continue to run, the Budget is prepared to act as a countercyclical tool to alleviate pressures from both domestic and international sources.
For reference, Indonesia’s State Budget experienced a deficit of Rp21 trillion, or 0.09 percent of the GDP in May 2025. State revenue was recorded at Rp995.3 trillion, while state spending amounted to Rp1,016.3 trillion.
However, the deficit value is still far from the target set in the Constitution of Rp616.2 trillion, or 2.53 percent of the GDP.
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Translator: Imamatul Silfia, Yashinta Difa
Editor: Azis Kurmala
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