Wall Street Futures Dip as Broadcom Slides, Tech Weighed Down Despite Dovish Fed Signals 
Dollar Struggles as Markets Eye Key Central Bank Decisions and Global Rate Outlooks 
Indonesia–U.S. Tariff Talks Near Completion as Both Sides Push for Year-End Deal 
China’s November Economic Data Signals Slowing Industrial Output and Weak Consumer Demand 
Asian Stocks Slide as Central Bank Decisions and Key Data Keep Investors Cautious 
Russia Stocks End Flat as Energy and Retail Shares Show Mixed Performance 
South Korea Extends Bond Market Stabilization Measures Amid Rising Financial Risks 
Asian Currencies Hold Steady as Indian Rupee Slides to Record Low on Fed Outlook 
Oil Prices Rebound as U.S.-Venezuela Tensions Offset Oversupply Concerns 
Australia’s Labour Market Weakens as November Employment Drops Sharply 
S&P 500 Slides as AI Chip Stocks Tumble, Cooling Tech Rally 
Ireland Limits Planned Trade Ban on Israeli Settlements to Goods Only 
Gold Prices Dip as Markets Absorb Dovish Fed Outlook; Silver Eases After Record High 
Modi and Trump Hold Phone Call as India Seeks Relief From U.S. Tariffs Over Russian Oil Trade 
Fed Near Neutral Signals Caution Ahead, Shifting Focus to Fixed Income in 2026 
Indonesia’s parliament has approved President Prabowo Subianto’s 2026 state budget, setting spending at 3,842.7 trillion rupiah ($231.5 billion) with a targeted fiscal deficit of 2.68% of GDP. The plan aims to accelerate economic growth, strengthen key industries, and expand social welfare initiatives.
The budget assumes economic growth of 5.4% in 2026, up from the 2025 target of 5.2%. Revenues are projected at 3,153.6 trillion rupiah, reflecting a 10% increase from the 2025 outlook. Spending is set 9% higher than estimated 2025 levels, while the deficit is forecast to fall below both the 2025 estimate of 2.78% and the 3% ceiling mandated by law.
Budget committee chair Said Abdullah described the plan as a turning point for Indonesia, highlighting its role in revitalizing national industries. Key sectors such as textiles, agriculture, and energy are expected to play a crucial role in meeting people’s basic needs and boosting industrial revival.
A major feature of the budget is the expansion of Prabowo’s flagship free meals program for students and pregnant women. Initially costed at 335 trillion rupiah for 2026, nearly double this year’s allocation, the scheme reflects the government’s push to improve nutrition and education outcomes nationwide.
Defense spending will also rise significantly, with a 37% increase bringing the allocation to 335.3 trillion rupiah. This reflects Prabowo’s commitment to strengthening national security alongside social development.
By combining industrial investment, social welfare expansion, and fiscal discipline, Indonesia’s 2026 budget underscores the government’s strategy to foster sustainable growth while keeping the deficit under control.
