Fiscal
Finance minister assures fiscal safety amid global uncertainty
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Finance Minister Purbaya Yudhi Sadewa urged the public not to panic amid uncertain global conditions, assuring that fiscal and state revenue positions remain safe. He highlighted a Rp 420 trillion Saldo Anggaran Lebih (SAL) as a layered defense. The decision to hold subsidized fuel (BBM) prices steady until the end of 2026 follows direct instructions from President Prabowo Subianto.
The copper price reached US$6.20 per pound on Monday at the London Metal Exchange, driven by supply restrictions stemming from the conflict in Iran. The figure approaches the record of US$6.28 set in January 2026 and marks a 9.34% rise so far this year.
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Think tank Anif warned that the net debt of Colombia's National Central Government could exceed 71% of GDP in three years, a threshold incompatible with the fiscal rule. It identified public spending rigidity as Colombia's core fiscal issue. Current levels near 58% of GDP recall 19th-century crises.
Prime Minister Sanae Takaichi's cabinet approved a record ¥122.3 trillion draft budget for fiscal 2026 on December 26, following the ruling parties' endorsement of a related tax reform plan the prior week. The budget boosts social security and defense spending and will go to parliament on January 23.
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China's Political Bureau of the Communist Party Central Committee held a meeting on December 8 to analyze and study the economic work for 2026 and review regulations on the Party's leadership over law-based governance. The meeting pledged more proactive fiscal policies and moderately loose monetary policies to promote effective qualitative improvements and reasonable quantitative growth in the economy.