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.

The House of Representatives (DPR) has approved the 2025 State Budget (APBN) totaling Rp 3,621 trillion (USD 237.4 billion), which will be utilized by President-elect Prabowo Subianto and Vice President Gibran Rakabuming Raka during the first year of their administration.

Indonesian President-elect Prabowo Subianto won sweeping new powers to create new ministries and restructure existing ones, giving him more room to both pursue his agenda and reward allies.Most Read from BloombergAOC Proposes $30 Billion Social Housing AuthorityCalifornia’s Anti-Speeding Bill Can Be a Traffic Safety BreakthroughNew York City’s Transit System Plans $65.

Indonesian President-elect Prabowo Subianto won sweeping new powers to create new ministries and restructure existing ones, giving him more room to both pursue his agenda and reward allies.