Indonesia faces potential budget deficit expansion in 2025, with Finance Minister Indrawati indicating a possible increase to 2.45%-2.8% of GDP to accommodate President-elect Subianto’s policies, including a free lunch program. This adjustment from the 2023 target of 2.29% comes amid concerns over funding costly campaign promises, which may pressure Indonesia’s investment-grade rating. A debt sale aimed at raising 24 tln rupiah is scheduled.