- Indonesia’s balance of payments returned to a USD 9.1 Bn deficit, driven by the simultaneous widening of the current account and financial account deficits.
- The widening current account (CA) deficit was driven by a sharper decline in exports relative to imports, while the deterioration in the financial account (FA) mainly stemmed from weaker investment inflows and larger private-sector outflows.
- Looking ahead, the direction of the BoP will depend on global liquidity conditions and the effectiveness of domestic policy measures (among them related to DHE SDA and PT DSI). We have revised our FY26 CA deficit outlook to -0.9% of GDP.
