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Indonesia Cuts Travel Spending as Energy Costs Pressure Budget

Bloomberg Markets Friday 09 October 2026, 06:24 UTC By Grace Sihombing 1 min read
Key Points

Indonesia Cuts Travel Spending as Energy Costs Pressure Budget Indonesia is tightening government spending toward year-end, ordering ministries and agencies to cut unspent travel allocations by 30% as higher oil prices and costly flagship programs put pressure on the budget. The budget deficit widened to 1.24% of gross domestic product at the end of September, with Finance Minister Suahasil Nazara saying Friday the government remains on track to meet its full-year outlook for a deficit of...

Indonesia Cuts Travel Spending as Energy Costs Pressure Budget Indonesia is tightening government spending toward year-end, ordering ministries and agencies to cut unspent travel allocations by 30% as higher oil prices and costly flagship programs put pressure on the budget. The budget deficit widened to 1.24% of gross domestic product at the end of September, with Finance Minister Suahasil Nazara saying Friday the government remains on track to meet its full-year outlook for a deficit of around 2.8% of gross domestic product.
Indonesia Cuts Travel Spending (ORG) Finance (ORG) Suahasil Nazara (PERSON)
Originally published by Bloomberg Markets Read original →

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