House passes higher spending state budget

Sufficient revenue: Purbaya (left) and Sri Mulyani Indrawati, the former finance minister, at a ceremony in Jakarta. Purbaya says Indonesia might not need to issue as much debt if the economy performs better and generates higher tax revenues. — Bloomberg

JAKARTA: The House of Representatives passes the 2026 state budget, approving higher spending that will widen the fiscal deficit as President Prabowo Subianto seeks to accelerate economic growth.

House Budget Committee (Banggar) chairman Said Abdullah said the 2026 budget was designed to help the country navigate a rapidly changing global environment.