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Events / Political / Prabowo approval rating drops to 51.1%
Domestic political poll

Prabowo approval rating drops to 51.1%

Analysis based on 12 articles · First reported Jul 27, 2026 · Last updated Jul 28, 2026

Sentiment
-30
Attention
3
Articles
12
Market Impact
General
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Market Impact

The declining approval rating signals political risk and potential policy instability, which may weigh on investor confidence. The depreciating rupiah and stock market decline, along with credit rating outlook cuts, reflect growing economic concerns.

Government Financial Services
Event Summary

A July 2026 survey by Mitsubishi UFJ Research and Consulting (SMRC) shows Indonesian President Prabowo Subianto's approval rating fell to 51.1%, down from 81.2% in November 2025. The decline is attributed to public dissatisfaction with the economy, political situation, and law enforcement. Nearly half of respondents view economic conditions as bad or very bad. The administration faces a depreciating rupiah, a poorly performing stock market, and concerns about overspending and central bank independence. The free-meals program budget has been cut twice, and the budget deficit is expected to widen to 2.85% of GDP. Fitch and Moody's have cut Indonesia's credit rating outlook to negative.

Key Actions
90 Mitsubishi UFJ Research and Consulting released poll results
80 Mitsubishi UFJ Research and Consulting conducted survey
70 Deni Irvani attributed decline to economy
70 Moody s Ratings cut debt rating outlooks Indonesia
60 Indonesia experienced currency depreciation Indonesia — Indonesian rupiah
50 Indonesia faced stock market decline
40 Indonesia cut free-meals program budget
Entities Involved
per
Prabowo Subianto
President Prabowo's approval rating fell sharply due to economic dissatisfaction, weakening his political capital and ability to implement reforms.
Importance 100.0 Sentiment -40.0
cnt
Indonesia
Indonesia faces economic headwinds including currency depreciation, stock market decline, and widening budget deficit, affecting sovereign credit outlook.
Importance 100.0 Sentiment -40.0
curr
Indonesia — Indonesian rupiah
The rupiah has depreciated, contributing to economic dissatisfaction and adding to inflationary pressures.
Importance 50.0 Sentiment -30.0
priv
Moody s Ratings
Moody's also cut Indonesia's sovereign rating outlook to negative, aligning with Fitch's assessment.
Importance 40.0 Sentiment -20.0
priv
Mitsubishi UFJ Research and Consulting
SMRC conducted the survey that revealed the drop in approval rating, providing data on public sentiment.
Importance 30.0 Sentiment 0.0
priv
S&P Global Ratings
S&P maintained Indonesia's BBB rating, providing a contrasting view amid negative outlooks from other agencies.
Importance 30.0 Sentiment 0.0
per
Deni Irvani
As SMRC executive director, Irvani presented the survey findings and attributed the decline to economic perceptions.
Importance 20.0 Sentiment 0.0
Relationships
Prabowo Subianto related ↔ Indonesia
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