Indonesia Recorded Higher Fiscal Deficit in 1Q26 Amid Accelerated Spending

MACROECONOMY 
Indonesia Recorded Higher Fiscal Deficit in 1Q26 Amid Accelerated Spending 
Indonesia posted a fiscal deficit of IDR 240.1 tn (0.93% of GDP) in 1Q26, widening from 0.41% in the same period last year, as state spending surged to IDR 815 tn (+31.4% YoY) outpacing revenue of IDR 574.9 tn (+10.5% YoY); tax revenue rose 20.7% YoY to IDR 394.8 tn, while customs & excise declined 12.6% YoY and non-tax revenue fell 3% YoY, with higher spending mainly driven by central govt. expenditure (IDR 610.3 tn, +47.7% YoY) as part of a strategy to front-load fiscal stimulus for more even economic impact throughout the year. (CNBC Indonesia)
 

COMPANY 
Medco Energi (MEDC) Secured 50% Stake in PSC Cendramas 
MEDC, through its wholly owned subsidiary Medco Asia Pacific Limited, signed the PSC Cendramas with Petroliam Nasional Berhad on 31-Mar-26 (effective 23-Sep-26), holding 50% participating interest as operator, alongside DIALOG Resources and EnQuest (each 25%); the block is located near South Natuna Sea Block B, offering operational synergies and leveraging existing expertise, in line with MEDC’s strategy to expand its regional portfolio and drive long-term value creation. (Emitennews)