Indonesian President-elect Prabowo Subianto gestures as he attends the annual State of the Nation Address at the parliament building, ahead of the country's Independence Day, in Jakarta, Indonesia, August 16, 2024. Ajeng Dinar Ulfiana/Pool
Indonesian President-elect Prabowo Subianto gestures as he attends the annual State of the Nation Address at the parliament building, ahead of the country's Independence Day, in Jakarta, Indonesia, August 16, 2024. Ajeng Dinar Ulfiana/Pool

Indonesia's parliament passes Prabowo's maiden budget

September 19th, 2024 | 04:08 AM WORLD Asia Pacific 1

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By Reuters

Indonesia's parliament on Thursday passed President-elect Prabowo Subianto's maiden budget for 2025, with spending set at 3,621.3 trillion rupiah ($237 billion) and the fiscal deficit projected to be 2.53% of gross domestic product.

The budget assumes economic growth of 5.2%, a small increase from 2024's forecast of 5.1%, and a revenue target of 3,005.1 trillion rupiah.

The budget accommodates key programmes of Prabowo's incoming government, including a free meal policy for children which will cost 71 trillion rupiah, free health check-ups, the building of hospitals and renovating schools, and food security initiatives.

Prabowo will start his five-year term on Oct. 20.

($1 = 15,272 rupiah)

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