Indonesia enjoys steady growth in nine months

Indonesia's Ministry of Finance on Tuesday announced the country’s 2025 budget performance as of September, reporting that Southeast Asia’s largest economy continued to post steady growth despite global economic uncertainties.

Minister of Finance Purbaya Yudhi Sadewa reported that the realization of the State Budget (APBN) experienced a deficit of IDR371.5 trillion (around $22.5 billion) until September 2025, or 1.56% of the country’s GDP, lower than the full-year outlook of 2.78% of GDP.

Purbaya also said that the primary balance still recorded a surplus of IDR18 trillion as of September 2025. This shows that fiscal consolidation is continuing.

Then, the country’s state revenue until the end of September 2025 reached IDR1,863.3 trillion or 65% of the 2025 State Budget outlook. This figure decreased by 7.2% year on year.

Purbaya attributed the decline mainly to lower global commodity prices, especially coal and palm oil, which affected tax revenue from the oil, gas, and mining sectors. However, the manufacturing and services sectors continued to contribute positively to budget revenues.

The minister noted that expenditure efficiency had been maintained through the accelerated implementation of priority programs, social support, and infrastructure investment. As a result, the primary balance recorded a surplus of IDR18 trillion, underscoring the Indonesian Government’s efforts to strengthen public finances.