TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
Jokowi to pass fiscal baton to Prabowo in State Budget Address
The outgoing President is planning to hand over the country's finances to his successor on Friday while delivering the annual State Budget Address, which experts will be watching keenly for indications of the incoming administration's policy direction on the economy
Change text size
Gift Premium Articles
to Anyone
Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!
The House of Representatives Budget Committee holds a meeting with the Finance Ministry and Bank Indonesia on July 8, 2024 to discuss the country's fiscal performance and economic outlook. (TJP/Deni Ghifari)
P
resident Joko “Jokowi” Widodo is scheduled to deliver before the People’s Consultative Assembly on Friday the annual State of the Nation Address as well as the State Budge Address.
During the latter, an annual speech on government finances that serves as guidance for the following year’s state budget, Jokowi plans to pass on the fiscal baton to his successor Prabowo Subianto, who is slated to be sworn in as president in October, while Gibran Rakabuming Raka, Jokowi’s eldest son, is to become the vice president.
The Jokowi administration is planning the 2025 state budget with the president-elect’s spending programs in mind.
The President said on Aug. 5 that the 2025 draft budget should “accommodate all of” his successor’s programs.
Jokowi has also installed two of Prabowo’s close aides, Thomas Djiwandono and Sudaryono, as deputy ministers in his cabinet, a move signaling his intention for a smooth handover.
Read also: Jokowi insists 2025 budget must fit all Prabowo programs
According to experts, an outgoing government actively planning a state budget that caters to the programs of an incoming administration has never happened before during Indonesia’s democratic era.
