Indonesia’s fiscal trends underscore resilience amid economic shocks. Surpluses during the mid-1990s gave way to deficits of -6.1% in 2020 due to the pandemic’s fiscal impact. Despite challenges, fiscal discipline has helped reduce deficits to -1.6% by 2023.
Projections for 2029 indicate stabilization around -2.4%, supported by economic recovery and prudent spending policies. Continued structural reforms will be key to enhancing fiscal sustainability.
Projections for 2029 indicate stabilization around -2.4%, supported by economic recovery and prudent spending policies. Continued structural reforms will be key to enhancing fiscal sustainability.
Gain a broader perspective by reviewing Indonesia’s central government debt-to-GDP ratio, Indonesia’s annual GDP growth rate, Indonesia's inflation rate trends.
