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Indonesia’s 2025 Budget and Economic Outlook

Indonesia has presented its 2025 budget plan, targeting a narrower deficit and maintaining a prudent fiscal approach. The proposed budget, valued at IDR 3,613.1 trillion ($230 billion), reflects a fiscal deficit of 2.53% of GDP for 2025, down from this year's estimated 2.7%. This budget, developed under outgoing President Joko Widodo's administration and the incoming team of president-elect Prabowo...

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