Indonesia's $237 bln budget for 2025
JAKARTA, Sept 19 (Reuters) -Indonesian parliament on Thursday approved President-elect Prabowo Subianto's maiden budget for 2025 with spending of 3,621.31 trillion rupiah ($237.07 billion), a 6% rise from this year's outlook.
Below are details of the approved 2025 budget and macroeconomic assumptions compared with this year's outlook and the previous year's budget in trillions of rupiah.
2025 | 2024 | 2023 | |
Approved | Outlook | Audited | |
REVENUE | |||
Total revenue | 3,005.1 | 2,802.5 | 2,783.9 |
Tax revenue | 2,490.9 | 2,218.4 | 2,154.2 |
- Tax receipts | 2,189.3 | 1,921.9 | 1,867.9 |
- Customs and excise | 301.6 | 296.5 | 286.3 |
Non-tax revenue | 513.6 | 549.1 | 612.5 |
- Oil & gas revenue | 121 | 121.5 | 116.2 |
Grant | 0.58 | 34.9 | 17.2 |
EXPENDITURE | |||
Total expenditure | 3,621.3 | 3,412.2 | 3,121.2 |
Central govt expenditure | 2,701.4 | 2,558.2 | 2,239.8 |
- Interest payment | 552.8 | 498.9 | 439.9 |
- Subsidies | 307.9 | 313.8 | 269.6 |
- Energy subsidies | 203.4 | 192.7 | 164.3 |
Funds for regional autonomy | 919.9 | 853.9 | 881.4 |
BUDGET FINANCING | |||
Budget surplus (deficit) | (616.2) | (609.7) | (337.3) |
Budget surplus (deficit) as % of GDP | 2.53 | 2.70 | 1.61 |
Total financing | 616.2 | 609.7 | 356.7 |
- Net bond issuance | 642.6 | 451.9 | 308.2 |
BUDGET ASSUMPTIONS | |||
Economic growth (%) | 5.2 | 5.1 | 5.1 |
Inflation (%) | 2.5 | 2.7 | 2.6 |
10-year bond yields (%) | 7.0 | 6.9 | 6.6 |
Rupiah exchange rate/$ | 16,000 | 16,000 | 15,255 |
Indonesia crude price/barrel | $82 | $82 | $78 |
Oil lifting (bpd) | 605,000 | 592,000 | 605,000 |
Gas lifting (boepd) | 1.005 mln | 990,000 | 1.000 mln |
($1 = 15,275.0000 rupiah)
Reporting by Stefanno Sulaiman; Editing by Martin Petty
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