Sumber: Istimewa
THE world is looming over an energy crisis. The crisis stemmed from the Strait of Hormuz, which remained closed until last April due to the US-Israel war with Iran, disrupting global energy supplies. Since the war broke out on February 28, 2026, global oil prices have soared over 30% from US$60-70 per barrel. As of this writing, April 23, 2026, Brent crude oil prices have reached US$103 per barrel, while WTI is hovering around US$98 per barrel. Skyrocketing energy prices consistently test the economic resilience of many countries, including Indonesia.
This tough test is already being felt, from state finances or fiscal matters, to corporate balance sheets, and even to the pockets of individuals and households. For The Government, fiscal space, already severely limited by the burden of debt payments, will be even tighter. In the 2026 State Budget (APBN), The Government must repay maturing debt of Rp 833.9 trillion plus interest of up to Rp 599 trillion. This is not to mention priority programs such as the Free Nutritious Meals (MBG) program, which is budgeted at Rp 335 trillion, a drastic increase from Rp 71 trillion last year. These three budget allocations account for 46% of total government spending of Rp 3,842.7 trillion this year.
