Indonesia’s Rp3.6 trillion budget for next year is intended to shore up inventories of consumer goods, food and healthcare companies just before President-elect Prabowo Subianto takes office.

Investors see the budget as a sign of policy continuity between Prabowo and outgoing President Joko Widodo. The plan, which Jokowi unveiled on Friday, includes some of Prabowo’s priority programs that won him the election, such as his free meals program for students, as well as the current administration’s focus on green energy and commodity downstreaming.

Officials want to “address middle-income issues, and that will lead to higher discretionary spending,” said Jeffrosenberg Chen Lim, head of research at PT Maybank Sekuritas Indonesia. “As long as the economy is booming, people will spend more money.”

The benchmark Jakarta Stock Exchange Composite index closed 0.3 percent higher on Friday, remaining close to its all-time high. The index has risen more than 47 percent since Jokowi took office in 2014.

Here’s a look at the stocks that could benefit or lose from the budget:

With support from Soraya Permatasari and Matthew Burgess.

This article was generated from an automated news agency feed without any modifications.