Jakarta, April 23 -- Indonesia can keep its budget deficit below the statutory three percent ceiling even if global oil prices spike, Deputy Finance Minister Juda Agung said, underscoring fiscal resilience amid heightened geopolitical risks.

"Our calculations show that even under a worst-case scenario, with average crude at about US$100 per barrel this year, the deficit can be contained at around 2.9 percent," Agung said at the Fitch Ratings Annual Indonesia Conference on Thursday.

He noted Indonesia's crude price (ICP) has averaged roughly US$79 per barrel so far this year, providing a buffer against external shocks.

Still, Agung warned that geopolitical tensions, particularly in the Middle East, continue to pressure the domestic econ...