Indonesia is preparing a contingency strategy to manage potential economic pressures if global oil prices remain elevated for an extended period. The government is prioritizing fiscal discipline and monitoring global developments closely, particularly amid geopolitical tensions that could disrupt energy supply and increase crude prices. Officials emphasized that current conditions remain manageable, but proactive planning is underway to ensure economic stability and protect the national budget.

The government is considering several policy options, including adjusting public spending and strengthening energy resilience measures to reduce the impact of higher oil import costs. Authorities stressed that maintaining fiscal stability remains a priority, with the budget deficit expected to stay within the legal limit of 3% of GDP unless global conditions significantly worsen. These preparations demonstrate Indonesia’s commitment to maintaining macroeconomic stability while navigating global energy market uncertainties.
Source:
https://jakartaglobe.id/business/indonesia-prepares-contingency-plan-if-high-oil-prices-persist