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The Winners and Losers From Indonesia’s $206 Billion Budget

  • Jakarta’s key stock gauge has advanced more than 8% this year
  • Return to fiscal discipline seen as reassuring investors
Gojek riders wait for customers in Jakarta.

Gojek riders wait for customers in Jakarta.

Photographer: Dimas Ardian/Bloomberg
Updated on

Commodities firms with downstream investments are likely to benefit most from policy support unveiled in Indonesia’s annual budget, while the health-care sector is least favored, analysts say.

President Joko Widodo said on Tuesday that the Southeast Asian nation will shift its economy into producing more value-added goods and away from purely selling raw materials. The message was part of a broader speech to parliament where he also announced plans to shrink the budget deficit and cut health-care and social protection spending.