ab 17 August 2026 Global Research Indonesia Market Strategy 2027 Budget Special: First Impressions Modest consolidation, continued spending The 2027 budget proposal was broadly in line with expectations, with few major surprises and little change in direction from the 2026 budget. The deficit is targeted at 2.40% of GDP, implying 0.45ppt of consolidation relative to the 2026 deficit of 2.85% of GDP. Total expenditure is budgeted at Rp4,097tn, up 3.9% y/y, while revenue is projected to grow 6.8% y/y, in line ...