Key insights and market outlook
Indonesian President Prabowo Subianto received a report from Finance Minister Purbaya Yudhi Sadewa highlighting that several government ministries and agencies are moving slowly in implementing their budgets, resulting in a significant remaining budget as 2025 nears its end. Prabowo urged these ministries to accelerate their spending to optimize the remaining budget.
Indonesian President Prabowo Subianto has been informed about the slow pace of budget realization by several government ministries and agencies. Finance Minister Purbaya Yudhi Sadewa reported that there is a substantial remaining budget as the year 2025 approaches its conclusion. During the Full Cabinet Meeting at the Presidential Palace Complex in Jakarta, Prabowo expressed his concern over the sluggish movement of some ministries.
Prabowo noted that the Finance Minister's report indicated a considerable amount of unspent budget across various government institutions. He emphasized that some ministries and agencies are not moving quickly enough in implementing their allocated budgets. The President urged these entities to accelerate their spending to optimize the remaining budget before the year ends.
The slow realization of the budget by some government ministries and agencies has resulted in a significant unspent amount. This situation highlights the need for better budget management and more efficient implementation of government programs. The government's ability to effectively utilize its budget is crucial for achieving its development goals and targets.
Government Budget Realization Report
Cabinet Meeting on Budget Implementation