Organization: Indonesia's fiscal condition is easily influenced by rising oil prices.

Analyst Suryaputra Wijaksana from Dahua Jixian wrote in a report that Indonesia's financial condition is still easily affected by oil prices. For every $1 increase in the average oil price per barrel, Indonesia's fiscal deficit will expand by 6.8 trillion Indonesian rupiah, putting pressure on financing needs and the current account. However, Indonesia's position as a net exporter of coal, natural gas, and crude palm oil may help mitigate the impact of rising oil prices to some extent. "Therefore, the net financial impact will depend on the duration and composition of any commodity price increase sparked by Middle East tensions," the analyst said.