Rosalind Matteson predicts that President Prabowo Subianto is very unlikely to significantly scale back the free meals program due to the political capital he has invested in it and his potential 2029...

Since 2003, Indonesia has had a legal requirement to keep its budget deficit below 3% of GDP, a rule that serves as a cornerstone for investors.

The head of the Jakarta-based think tank Celios graded Indonesia's free meals program an 'F' based on its current performance.

Indonesia's new state export controls are expected to primarily affect palm oil, coal, and ferroalloys, which may include some nickel products.

The think tank Celios has found anecdotal evidence that Indonesia's free meals program is causing localized inflation in the prices of food items like chicken and eggs.

Both Moody's and Fitch lowered their rating outlooks on Indonesia this year, citing concerns about the country's 3% budget deficit cap.

Investors doubt that Indonesia's free meals program will serve as a significant economic multiplier as the government has claimed.

Commodities accounted for more than one-fifth of Indonesia's export revenue last year.

Indonesian President Prabowo Subianto announced the government will take direct control of some commodity exports through a new state export body.

Indonesia's new state-controlled export policy will affect key commodities including palm oil, coal, and ferroalloys.

Both Moody's and Fitch cited concerns over Indonesia's 3% budget deficit cap as a factor when they lowered their rating outlooks on the country this year.

The Jakarta-based think tank Celios has found anecdotal evidence that Indonesia's free meal program is causing localized inflation in food prices for items like chicken and eggs.

Investors are concerned that Indonesia's unexpected move to control commodity exports signals a shift away from market-friendly policies.

Investors doubt that Indonesia's free meal program will serve as a significant economic multiplier.

President Prabowo Subianto is utilizing the Indonesian military to help implement the national free meal program.

Some investors speculate that President Prabowo Subianto may accelerate Indonesia's free meal program next year to improve his reelection prospects for 2029.

The Indonesian government, under President Prabowo Subianto, announced it will take direct control of some commodity exports via a new state-run body.