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Indonesia’s rupiah weakened to Rp18,089 per US dollar as investors worried about the country’s fiscal position. Higher crude prices reportedly prompted the government to raise its energy subsidy and compensation budget from Rp338 trillion to Rp500 trillion.
The higher subsidy bill risks widening the budget deficit and reducing fiscal room, weighing on confidence in the rupiah. Rising oil costs are also increasing pressure on government spending.
forumjurnalisinvestigasi.comFORUMJURNALISINVESTIGASINov 7, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
