According to Jin10, Indonesia is tightening year-end government spending and has asked ministries and government agencies to cut unused travel budgets by 30% as rising oil prices and higher spending on key projects pressure the budget. As of the end of September, Indonesia's budget deficit had widened to 1.24% of GDP, while Finance Minister Suahasil said on Friday that the government still expects to meet its full-year deficit target of about 2.8% of GDP. Rising oil prices, stronger domestic demand for subsidized fuel and liquefied petroleum gas, and a shift to monthly settlement payments pushed energy subsidy and compensation spending to 377 trillion rupiah as of the end of September, up more than 50% from a year earlier.
