Indonesia Budget Deficit
General government net lending/borrowing as % of GDP GGXCNL_NGDP
Indonesia's budget deficit was -2.79% in 2025, ranked 94th globally. This represents a 21.3% decrease from 2024. Data from IMF WEO, covering 1993–2025.
Overview
Indonesia's budget deficit stood at -2.79% in 2025, a decline of +0.49% from 2024. The IMF projects -2.79% by 2025. Indonesia ranked 94th globally.
Indonesia's budget deficit has fluctuated significantly over the past three decades, with a marked improvement in recent years. The country's budget deficit peaked at 0.96% of GDP in 1996, a year after the Asian financial crisis, as the government struggled to finance its expenditures amidst economic turmoil. Conversely, the budget deficit reached its lowest point of -6.08% in 2020, driven by a surge in revenue due to higher commodity prices and robust economic growth. However, the deficit has since rebounded, standing at -2.79% of GDP in 2025, a ranking of 94 globally. This is comparable to peer nations such as Angola, which has a deficit of -2.76%, and St. Lucia, with a deficit of -2.81%. Given Indonesia's history of fiscal discipline, it is likely that the government will continue to manage its budget deficit effectively, potentially reducing the gap further as the economy continues to grow. A sustained increase in revenue or a decrease in expenditures would be necessary to alter the trajectory of Indonesia's budget deficit.
Data & projection
| Year | Budget Deficit | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | -2.69% | - | - |
| 2029* IMF | -2.72% | - | - |
| 2028* IMF | -2.72% | - | - |
| 2027* IMF | -2.73% | - | - |
| 2026* IMF | -2.72% | - | - |
| 2025* IMF | -2.79% | - | - |
| 2025 | -2.79% | −0.49% | #94 |
| 2024 | -2.30% | −0.66% | #104 |
| 2023 | -1.64% | +0.67% | #122 |
| 2022 | -2.31% | +2.10% | #105 |
| 2021 | -4.41% | +1.67% | #90 |
| 2020 | -6.08% | −3.98% | #94 |
| 2019 | -2.09% | −0.40% | #83 |
| 2018 | -1.69% | +0.57% | #95 |
| 2017 | -2.26% | +0.30% | #99 |
| 2016 | -2.56% | +0.16% | #94 |
| 2015 | -2.72% | −0.92% | #98 |
| 2014 | -1.81% | +0.15% | #116 |
| 2013 | -1.96% | −0.37% | #103 |
| 2012 | -1.59% | −0.88% | #115 |
| 2011 | -0.70% | +0.54% | #133 |
Detected Pattern
Analysis
Indonesia matched the Export Boom Cycle pattern in 2011. Historically, 71% of countries showing this pattern (546 out of 768) saw budget deficit improve within 24 months. View full analysis →
Frequently Asked Questions
Indonesia's budget deficit was -2.79% in 2025. Ranked 94th globally. This represents a 21.3% decrease from the previous year.
Indonesia's budget deficit peaked at 0.96% in 1996.
The lowest budget deficit in Indonesia was -6.08% in 2020.
Indonesia ranks 94th globally in budget deficit as of 2025.
The World Bank indicator code is GGXCNL_NGDP. Data sourced from IMF WEO.
Indonesia's budget deficit is projected to reach -2.79% by 2025 based on IMF projection.
The budget deficit of Indonesia in 2025 was -2.79%. This ranks 94th in the world.
Cite this page
@misc{historysaid_indonesia_budget-deficit,
title = {Indonesia Budget Deficit},
url = {https://historysaid.com/indonesia/budget-deficit/},
publisher = {HistorySaid},
year = {2026}
}