Indonesia’s parliament approved a $237-billion state budget that will help President-elect Prabowo Subianto get his administration and growth ambitions up and running next month.

Indonesia's parliament on Thursday passed President-elect Prabowo Subianto's maiden budget for 2025, with spending set at 3,621.3 trillion rupiah ($237 billion) and the fiscal deficit projected to be 2.

Indonesian President-elect Prabowo Subianto’s maiden budget passed by the parliament on Thursday assumes economic growth of 5.2 per cent, a small increase from 2024’s forecast of 5.1 per cent

The House of Representatives (DPR) has approved the 2025 State Budget (APBN) totaling Rp 3,621 trillion (USD 237.4 billion), which will be utilized by President-elect Prabowo Subianto and Vice President Gibran Rakabuming Raka during the first year of their administration.