KONTAN.CO.ID - JAKARTA. The Indonesian parliament's budget committee and the government have agreed to set a 2022 economic growth target of 5.2%, roughly the midpoint of President Joko Widodo's proposal for 5.0%-5.5%, the committee's chair Said Abdullah said on Tuesday. The committee and the government also tentatively agreed to raise the 2022 spending plans to 2,714.2 trillion rupiah ($190.31 billion). That is up slightly from the president's proposal in August of 2,708.7 trillion rupiah, assuming a similar increase in revenues. The budget deficit target remains set at 4.85% of GDP. A wider parliamentary vote is needed for the 2022 budget, likely later this month or in October, but the committee's endorsement is usually passed.
Indonesia govt, key parliamentary body set 2022 GDP growth target at 5.2%
KONTAN.CO.ID - JAKARTA. The Indonesian parliament's budget committee and the government have agreed to set a 2022 economic growth target of 5.2%, roughly the midpoint of President Joko Widodo's proposal for 5.0%-5.5%, the committee's chair Said Abdullah said on Tuesday. The committee and the government also tentatively agreed to raise the 2022 spending plans to 2,714.2 trillion rupiah ($190.31 billion). That is up slightly from the president's proposal in August of 2,708.7 trillion rupiah, assuming a similar increase in revenues. The budget deficit target remains set at 4.85% of GDP. A wider parliamentary vote is needed for the 2022 budget, likely later this month or in October, but the committee's endorsement is usually passed.