Traders’ Guide to Navigating Indonesia’s 2025 Budget Plan
- Spending plans to set stage for Prabowo’s upcoming term
- Budget may prop up mineral refining, health, consumer stocks
The benchmark Jakarta Stock Exchange Composite Index has climbed more than 45% since Jokowi became president about a decade ago.
Photographer: Muhammad Fadli/BloombergIndonesia’s budget may benefit consumer, banking and construction shares as President Joko Widodo’s successor plans to significantly ramp up spending to boost economic growth.
Jokowi, as the country’s leader is known, later on Friday will lay out his policy priorities for the Southeast Asian nation, home to the region’s largest equity market by capitalization. The fiscal plans will set the blueprint for President-elect Prabowo Subianto, who takes office in October.
