Business & Finance
Indonesia’s 2027 Budget Positions Miners, EV Makers as Winners
Key Points
Indonesia’s 2027 Budget Positions Miners, EV Makers as Winners Miners, electric vehicle manufacturers, and battery producers are set to win big under Indonesia’s state budget next year, analysts said. The gains will be driven by President Prabowo Subianto’s push to boost the commodity sector and slash reliance on costly imported fossil fuels. In his second annual budget speech on Friday, Prabowo set a deficit target of 2.4% of GDP for 2027, narrower than the expected 2.85% this year.
Indonesia’s 2027 Budget Positions Miners, EV Makers as Winners
Miners, electric vehicle manufacturers, and battery producers are set to win big under Indonesia’s state budget next year, analysts said. The gains will be driven by President Prabowo Subianto’s push to boost the commodity sector and slash reliance on costly imported fossil fuels.
In his second annual budget speech on Friday, Prabowo set a deficit target of 2.4% of GDP for 2027, narrower than the expected 2.85% this year. He said that next year’s budget has been designed to be expansive, yet measured. The goal is to hit a 6% growth target while still working toward a balanced budget in the future.