Indonesia raises budget vigilance after oil hits US$114 a barrel
Finance Minister Suahasil Nazara said government bond yields were rising, while foreign capital inflows reached about Rp126 trillion through October.
Indonesia is stepping up vigilance over its state budget after global oil prices reached US$114 a barrel, Finance Minister Suahasil Nazara said following a meeting at the State Palace on 3 November 2026.
Suahasil said the increase in oil prices was also putting pressure on financial markets. Yields on government securities, known as SBN, had begun to rise, a development he attributed to external conditions.
Although oil prices had eased somewhat in recent days, he said their earlier climb to US$113 and then US$114 a barrel meant the government needed to maintain budget preparedness.
He also said foreign money continued to enter SBN and Sekuritas Rupiah Bank Indonesia (SRBI) instruments at relatively high levels, unlike conditions in the stock market. Suahasil said he had reported to the president that foreign capital inflows totalled about Rp126 trillion from January through the end of October, describing the inflows as positive.
