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flag Indonesia had a January 2026 budget deficit of $3.25 billion, driven by higher spending outpacing revenue growth.

flag Indonesia recorded a budget deficit of 54.6 trillion rupiah ($3.25 billion), or 0.21% of GDP, in January 2026, marking a shift from typical early-year surpluses. flag Revenue rose 20.5% year-on-year to 172.7 trillion rupiah, driven by improved tax collections and reduced refunds, while spending surged 25.7% to 227.3 trillion rupiah. flag The increase in expenditures, including major spending on social programs and infrastructure, outpaced revenue growth, drawing investor scrutiny over fiscal stability and market transparency. flag Despite concerns, the government aims to keep the deficit within its 3% GDP legal limit.

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