Indonesia’s parliament passes Prabowo’s primary budget By Reuters

JAKARTA (Reuters) – Indonesia’s parliament passed President-elect Prabowo Subianto’s first budget for 2025 on Thursday, with spending set at 3,621.3 trillion rupiah ($237 billion) and the fiscal deficit expected to be 2.53 percent of gross domestic product .

The budget assumes economic growth of 5.2 percent, a slight increase from the 2024 forecast of 5.1 percent, and a revenue target of 3,005.1 trillion rupees.

The budget houses key programs of Prabowo’s incoming government, including a free meal policy for children that will cost 71 trillion rupiah, free health check-ups, building hospitals and renovating schools, and food security initiatives.

Prabowo will begin his five-year term on October 20.

($1 = 15,272 rupees)