Indonesia posted a state budget surplus of 147.2 tln rupiah (USD 10.29 bln) as of August, amounting to 0.7% of the country’s GDP. State revenue increased by 3.2% YoY, but customs and excise revenue dipped by 16.8%. State expenditure went up by just 1.1%. The government has already spent 29% of its 6.4 tln rupiah budget for the new capital city and 30% of the 30 tln rupiah allocated for this year’s elections. Bond issuance plans for the year remain on track, with the government raising more than targeted in the latest bond and Sukuk auctions to cover shortfalls from previous auctions.