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Students in anti-Prabowo protests say Indonesia 'heading' for bankruptcy
By Heru Asprihanto and Ananda TeresiaFri, 12 June 2026 at 9:15 PM SGT
3 min read
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Indonesian students hold protests against the government policies in Jakarta
1 of 6A person kicks a police barricade during a protest against government policies, including state budget spending, fuel price hike, free meals programme, and expanded military roles in civilian affairs, in Jakarta, Indonesia, June 12, 2026. REUTERS/Ajeng Dinar Ulfiana
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By Heru Asprihanto and Ananda Teresia
JAKARTA, June 12 (Reuters) - Hundreds of Indonesian students rallied in Jakarta on Friday to protest the spending priorities of President Prabowo Subianto's government, and to protest against this week's decision to raise gasoline prices.
Calling the protest "Heading to Bankrupt Indonesia", university students marched towards central Jakarta's iconic Bundaran HI landmark. Organisers said some of the protesters were blocked from reaching the designated site by police and military personnel.
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The government has used subsidies to keep gasoline prices unchanged in Southeast Asia's largest economy, despite a spike in global oil prices caused by the Iran war. But fiscal pressures on the budget from Prabowo's ambitious spending plans have been rising, prompting a substantial price rise earlier this week.
Clad in yellow and blue alma mater jackets, the students carried posters with slogans such as "Cancel the fuel price hike", and used the phrase "Wall of Shame" to describe Prabowo's cabinet. The students also called on incoming cars to honk to show support.
By Friday evening, dozens of students had left the protest area, but there was still a sizeable crowd, and police were standing by.