AGP Executive Report
Last update: an hour ago2027 Budget Push: President Prabowo Subianto submitted Indonesia’s 2027 State Budget Bill to the DPR, targeting 6% growth, 2.5% inflation, and a 2.40% of GDP deficit (down from 2.68% in 2026), with spending at Rp4,097.2 trillion and revenue at Rp3,426 trillion. Education Funding: The government earmarked Rp820.9 trillion for education in 2027, including support for the Free Nutritious Meals program for 60.6 million beneficiaries and school infrastructure upgrades. New Financial Hub: Prabowo announced plans for an Indonesia Financial Center in Jakarta with expansion to Bali, aiming to boost investment, fintech, and dispute resolution under international standards. Commodities Price Control: Indonesia targets a Mineral and Commodities Exchange to start Jan 1, 2027, arguing Indonesia should not let others set prices for its resources. Energy Transition: The state budget also backs solar expansion—30 GW in 2026 and diesel power phase-out of 13 GW—plus a push for village-level solar. Public Health Alarm: Indonesia reported 269 children hospitalized in North Sumatra after a new poisoning incident tied to the free school meals program, renewing calls for tighter supervision. EV Market Update: Leapmotor launched the B10 and C10 EV SUVs in Indonesia at GIIAS 2026, with local assembly and starting prices from Rp499 million.
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