(March 12): Indonesian Finance Minister Sri Mulyani Indrawati will hold her first formal briefing on the government’s 2025 fiscal performance on Thursday (March 13), an update that’s keenly awaited amid a radical overhaul of spending and revenue plans.

The briefing is scheduled for 10am local time (11am Malaysia), according to a statement from the Ministry of Finance sent Wednesday.

The report, which includes details of state revenue, expenditure and financing, is typically published monthly but the ministry has said scheduling issues caused a delay. That left some investors on edge, especially after President Prabowo Subianto first scaled back a tax hike and then ordered officials to cut back spending to free up as much as 306.7 trillion rupiah (RM82.6 billion) in state funds.

The first fiscal update in 2024, which gave details for January last year, was released on Feb 22.

The data and briefing may shed more light on a number of government policies that are expected to affect the fiscal outlook and investor sentiment. Those include plans to reallocate some funds to the president’s priority programmes such as free meals for schoolchildren and the new sovereign wealth fund Danantara.

The data release will be the first on Indonesia’s fiscal performance since Jan 6, when officials provided an update on the government’s December performance.

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