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INDONESIA: Country Wrap:  Budget Deficit Widens. 

INDONESIA
  • Indonesia’s state budget deficit widened to 401.8t rupiah as of end-Nov., equivalent to 1.81% of GDP, Finance Minister Indrawati says in briefing. (source: BBG)
  • Inflation is projected to grow in January 2025 before declining in April 2025, according to the Retail Sales Survey of Bank Indonesia in November 2024. (source: IDN Financial News).
  • Indonesia’s Jakarta Composite has had four successive days of positive returns but couldn’t sustain a fifth, down -0.7%.
  • IDR: weakening bias resumes down -0.16% today at 15,945.
  • Bonds: moderately higher yields with 10YR 6.952% (+1bp).
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  • Indonesia’s state budget deficit widened to 401.8t rupiah as of end-Nov., equivalent to 1.81% of GDP, Finance Minister Indrawati says in briefing. (source: BBG)
  • Inflation is projected to grow in January 2025 before declining in April 2025, according to the Retail Sales Survey of Bank Indonesia in November 2024. (source: IDN Financial News).
  • Indonesia’s Jakarta Composite has had four successive days of positive returns but couldn’t sustain a fifth, down -0.7%.
  • IDR: weakening bias resumes down -0.16% today at 15,945.
  • Bonds: moderately higher yields with 10YR 6.952% (+1bp).