Key insights and market outlook
The Indonesian government's priority programs under President Prabowo Subianto have achieved 65.8% budget execution as of October 2025, totaling Rp 611.7 trillion out of the allocated Rp 929 trillion. The programs span four main categories: strengthening purchasing power, public services, price stability, and public infrastructure. Key initiatives include Family Hope Program (PKH), Smart Indonesia Program (PIP), and Nutritious Meal Program. The high realization rate demonstrates effective implementation of the government's agenda.
The Indonesian government has made significant strides in implementing its priority programs for 2025. As of October, the programs have achieved a 65.8% budget execution rate, with Rp 611.7 trillion out of Rp 929 trillion allocated in the 2025 State Budget (APBN) being utilized. This execution rate demonstrates the government's commitment to delivering on its key initiatives.
The priority programs are categorized into four main areas:
Key programs under these categories include:
The high budget realization across various programs indicates effective implementation of the government's agenda. Programs like PKH and food assistance have shown particularly strong execution rates, above 90%. However, initiatives like the Nutritious Meal Program and housing programs have shown relatively lower realization rates at 46% and 48% respectively.
The substantial budget execution is expected to have positive multiplier effects on the economy, particularly in supporting low-income households and stimulating economic activity through infrastructure development. The government's focus on social programs aligns with its commitment to economic inclusivity and poverty reduction.
Budget Execution Update
Government Program Implementation Progress