Prabowo unveils Indonesia's 2027 budget with higher spending and a wider resource role for the state
Question
Prabowo unveils Indonesia's 2027 budget with higher spending and a wider resource role for the state
Direct answer
Relevant for IDR, JCI, sovereign bonds and resource names including coal and nickel exporters if the spending plan is enacted.
- Original publisher
- Market Ontology
- Evidence through
- 2026-08-14
- Published
- 2026-10-20
- Revision
- 1 · 2026-10-20
Cite as: Market Ontology, “Prabowo unveils Indonesia's 2027 budget with higher spending and a wider resource role for the state”, revision 1, evidence through 2026-08-14. https://marketontology.com/market-events/2026-08-14/prabowo-unveils-indonesia-s-2027-budget-with-higher-spending-and-a-wider-resourc-aa72a3
How this development reaches the affected companies
| Asset | Exposure and channel | Direction | Evidence |
|---|---|---|---|
| IDR | a larger spending program and wider fiscal role for the state increase fiscal and financing concerns, pressuring the rupiah | Down1-4w | Prabowo presented a 2027 budget with about US$230 billion of spending and a 2.4% fiscal deficit |
| JCI | higher public spending and a 5.8% to 6.5% growth target support domestic earnings expectations and lift Indonesian equities | Up1-4w | the 2027 budget targets 5.8% to 6.5% growth and about US$230 billion in spending |
| INDO | the event does not specify how the budget will affect coal-export volumes, prices, or company earnings | Watch1-3m | the budget expands spending and the state's resource role, but provides no specific coal measure |
| ANTM.JK | the event does not specify how the budget will affect nickel demand, prices, or Antam earnings | Watch1-3m | the budget expands the state's resource role, but provides no specific nickel measure |
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What happened next
| Asset | Call | Base close | +1 day | +5 days | +20 days |
|---|---|---|---|---|---|
| IDR | Downagreed | 31.89 2026-08-14 | -3.89% | +2.45% | -9.03% |
Closing prices from stored daily bars; returns measured from the last close on or before the event date. Not a recommendation.
Sources
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