Indonesia targets 6.5% growth, low deficit & inflation for 2027
The policy also sets an inflation target of 1.5% to 3.5%, alongside efforts to stabilize the Indonesian rupiah within a range of 16,800 to 17,500 per US dollar.
KATHMANDU: Indonesian President Prabowo Subianto has announced the country’s macroeconomic framework and fiscal policy targets for 2027, outlining an ambitious plan to strengthen economic stability and inclusive growth.
Addressing a full session of the House of Representatives, President Subianto said the government aims to achieve economic growth of up to 6.5%, while keeping the fiscal deficit below 2.4% of GDP.
The policy also sets an inflation target of 1.5% to 3.5%, alongside efforts to stabilize the Indonesian rupiah within a range of 16,800 to 17,500 per US dollar.
Government bond yields are projected to remain between 6.5% and 7.3%.
He emphasized the need for strong fiscal and monetary coordination to maintain currency stability against global pressures, including energy market volatility.
Indonesia’s crude oil price is projected to range between $70 and $95 per barrel in 2027.
Subianto also highlighted social development goals, aiming to reduce the poverty rate to 6%–6.5% and unemployment to 4.3%–4.8%, ensuring that economic growth benefits the wider population.
