Indonesian Finance Minister Purbaya Yudhi Sadewa addressed concerns over the nation’s economic performance amidst the recent downturn in the rupiah and local stock markets. Speaking with Bloomberg’s Haslinda Amin at the Indonesia Economic Summit 2026, the Minister refuted claims made by Citigroup Inc. in a report suggesting that Indonesia’s budget deficit could exceed the legal limit this year. Minister Purbaya emphasized that such assessments were misguided and asserted confidence in the country’s fiscal management. He also highlighted the government’s firm stance on promoting a healthy investment environment, particularly in the mining sector, noting that the revocation of mining permits was a crucial step in addressing illegal mining and strengthening regulatory oversight.
