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The Jakarta Composite Index fell as much as 2.2% to its lowest since mid-July after a new minimum share price rule took effect. The rupiah briefly weakened to 18,010 per dollar amid broader regional currency pressure.
Spending is projected at 4,106 trillion rupiah ($228 billion) as the administration aims to lift growth to 6%.
The Indonesian parliament passed President Prabowo Subianto's budget bill for 2027 into law on Tuesday, with spending projected at 4,106 trillion rupiah ($228 billion) as the administration aims to lift the pace of economic growth to 6%.