Indonesia’s 2025 Budget and Economic Outlook
REGIONAL ECONOMIC STUDIES PROGRAMME AND INDONESIA STUDIES PROGRAMME
About the Hybrid Seminar
The Indonesian government’s fiscal stance for 2025 aims to maintain continuity in development policies while accommodating the programs of the new administration led by the President-elect Prabowo Subianto. A sound fiscal policy will be critical to achieving Indonesia’s Golden Vision of becoming a developed economy by 2045 and achieving Prabowo’s eight-percent annual economic growth target.
As the global economic situation remains uncertain, the next government will face tough challenges to ensure prudent fiscal management while implementing various flagship programs, such as the free school lunch program, the new capital Nusantara project and the projected military spending increase. Prudent fiscal management is therefore important to keep investors’ confidence in the country’s economic stability amid rising financial pressures, lower commodity prices, and slowing global investment flow. This seminar will highlight some of the key fiscal policy measures under the current and next administrations as well as the political economy of implementing difficult fiscal reforms. The speaker will also discuss the major challenges facing the Indonesian economy in 2025 and beyond.
About the Speaker
Muhamad Chatib Basri is Indonesia’s former Finance Minister and former Chairman of the Indonesian Investment Coordinating Board. He currently serves as the Chairman of Bank Mandiri and XL-Axiata.
Dr Basri is a member of numerous International Advisory councils including the World Bank Advisory Council on Gender and Development, the Independent High-Level Expert Group on Climate Finance for COP27 and 28, and the Advisory Board, Centre for Applied Macroeconomic Analysis, the Australian National University. He is also a member of the Governing Board of the Lee Kuan Yew School of Public Policy at the National University of Singapore.
Registration
This is a hybrid event which will be held at ISEAS – Yusof Ishak Institute (ISEAS).
Attending the Event In-person at ISEAS
To join the event in-person at ISEAS, please register via the ISEAS mobile app, available on iOS and Android via the Apple or Play store. Search “ISEAS” to find or scan this QR code.
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Seating capacity is limited. Do register early to avoid disappointment.
Attending the Event Virtually via Webinar
To join the event virtually at the specified date and time using your internet devices, please register here to receive your unique login link for the webinar via the zoom platform.
If you have questions for the speaker, please key in your questions via the Q&A, stating your name and affiliation. The moderator will field them to the speakers during the Q&A session.