What Indonesia’s 2027 budget really says about the Middle East

Read Indonesia’s new budget plan for 2027, called the RAPBN, and one region keeps showing up. Not once. Not as a small note at the end. Again and again, in the numbers, the risks, and the partnerships. That region is the Middle East. Most budget documents talk about growth targets and spending plans. This one does that too. But underneath those numbers sits a simple truth. What happens in the Middle East now shapes how much Indonesia pays for fuel, how strong the rupiah is, and how the government plans to borrow money next year. In 2026, tension between Israel and Iran grew into open conflict. For a while, it looked like Iran might close the Strait of Hormuz, a […]