Indonesia's parliament on Thursday passed President-elect Prabowo Subianto's maiden budget for 2025, with spending set at 3,621.3 trillion rupiah ($237 billion) and the fiscal deficit projected to be 2.

Indonesia’s parliament approved a $237-billion state budget that will help President-elect Prabowo Subianto get his administration and growth ambitions up and running next month.

JAKARTA (Reuters) - Indonesia's key parliamentary budget committee on Tuesday approved increased spending for the incoming government of president-elect Prabowo Subianto while maintaining the fiscal deficit at 2.53% of GDP, its chair said.

Indonesian President-elect Prabowo Subianto’s maiden budget passed by the parliament on Thursday assumes economic growth of 5.2 per cent, a small increase from 2024’s forecast of 5.1 per cent