Indonesia's 2018 state budget includes a fiscal deficit target of 2.19 percent of the nation's gross domestic product (GDP), lower than the 2.92 percent of GDP set in the revised 2017 state budget (a figure that is close to the legal limit of 3 percent of GDP).

State Budget of Indonesia:

  State Budget
2016
(Audited)
State Budget
2017
(Revised)
State Budget
2018
(Approved)
Revenue
in IDR trillion
1,555.9 1,736.1 1,894.7
Tax Revenue
in IDR trillion
1,285.0 1,472.7 1,618.1
Spending
in IDR trillion
1,864.3 2,133.3 2,220.7
Budget Deficit
% of GDP
  2.49   2.92   2.19
GDP Growth
annual % change
   5.0    5.2    5.4
Inflation
annual % change
   3.0    4.3    3.5
Exchange Rate
IDR/USD
13,307 13,400 13,500
3-Month Notes
coupon (%)
   5.7    5.2    5.3
Crude Oil Price
in USD per barrel
   40    45    48

Sources: Finance Ministry & Commission XI DPR

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