Indonesia Budget 2026: Consumer, Energy Stocks Among Winners

Indonesia’s consumer and mining firms are set to benefit from the country’s 3.79 quadrillion rupiah ($234 billion) spending plan next year as President Prabowo Subianto aims to accelerate growth in Southeast Asia’s largest economy.

The president plans to ramp up spending on his flagship free meals program and expand the downstream mining sector. His target of 5.4% economic growth in 2026, while narrowing the deficit to 2.48% of gross domestic product, will come as a relief to investors earlier rattled by concerns of a slowing economy and fiscal discipline.