# USD/IDR Price News: Rupiah regains $14,700 on Indonesia Budget Proposal — Octa

> The rupiah recovered to around 14,700 per dollar on May 19, 2022, after the government announced a fuel subsidy and a 2022 budget proposal. The plan raises the crude oil price assumption to $95-$105 per barrel and sets the fiscal deficit target at 4.3-4.5% of GDP.

- Date: 2022-05-19 · published 2022-05-19T12:00:00.000Z
- Category: policy · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/41714-usd-idr-price-news-rupiah-regains-14-700-on-indonesia-budget-proposal-octa
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Higher fiscal spending and a higher oil assumption raise pressure on Indonesia's currency and public finances, which can lift the dollar cost of imported feed.

## Read by commodity

- BRENT: bullish ▲
- USDIDR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2023-04-03 | [Oil producers' cuts could boost gasoline prices, help Russia \| AP News](https://feedsoft.ai/events/36325-oil-producers-cuts-could-boost-gasoline-prices-help-russia-ap-news.md) | +7.4% | +1.0% |
| BRENT | 2023-10-04 | [OPEC+ maintains output reduction to boost oil prices - AL-MONITOR: The Middle Eastʼs leading independent news source since 2012](https://feedsoft.ai/events/33524-opec-maintains-output-reduction-to-boost-oil-prices-al-monitor-the-middle-east.md) | -3.8% | -6.0% |
| BRENT | 2022-08-30 | [Palm Oil Rises After Indonesia Raises Export Tax, Biodiesel Use](https://feedsoft.ai/events/15797-palm-oil-rises-after-indonesia-raises-export-tax-biodiesel-use.md) | -9.2% | -19.2% |
| BRENT | 2026-03-30 | [BernamaBiz - CPO Futures Close Higher On Indonesia’s B50 Programme Optimism](https://feedsoft.ai/events/9479-bernamabiz-cpo-futures-close-higher-on-indonesia-s-b50-programme-optimism.md) | +1.2% | -5.1% |
| BRENT | 2021-01-05 | [Battered By Covid-19, OPEC Upbeats On Production, Supply Agreement In 2021 - InsideBusiness - Business News in Nigeria](https://feedsoft.ai/events/49058-battered-by-covid-19-opec-upbeats-on-production-supply-agreement-in-2021.md) | +8.9% | +11.2% |

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/972133/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.