# Budget Deficit Hammers the Rupiah: Currency Stuck at Rp18,089 per US Dollar Due to Rising Energy Subsidies

> 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.

- Date: 2026-11-07 · published 2026-11-07T15:11:35.764Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/86166-budget-deficit-hammers-the-rupiah-currency-stuck-at-rp18-089-per-us-dollar-due
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

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.

## Sources

- forumjurnalisinvestigasi.com: https://forumjurnalisinvestigasi.com/ekonomi-bisnis/defisit-anggaran-membanting-garuda-rupiah-terkunci-di-level-rp18-089-per-dolar-as-akibat-lonjakan-subsidi-energi/

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