KONTAN.CO.ID - JAKARTA. Indonesia expects to bring its budget to a narrower fiscal deficit next year, even as its economic growth is predicted to accelerate, senior officials said on Monday, as President Joko Widodo aims to finish its remaining infrastructure projects. Indonesia recorded a 464.3 trillion rupiah ($30.64 billion) fiscal deficit in 2022, or 2.38% of gross domestic product, based on unaudited data, the government said last month. It expects a fiscal deficit of 2.84% of GDP in 2023 and, according to Finance Minister Sri Mulyani Indrawati, a 2024 state budget deficit in a range of 2.16% to 2.64% of GDP.
Indonesia Plans to Narrow 2024 Fiscal Deficit, Sees Higher GDP Growth
KONTAN.CO.ID - JAKARTA. Indonesia expects to bring its budget to a narrower fiscal deficit next year, even as its economic growth is predicted to accelerate, senior officials said on Monday, as President Joko Widodo aims to finish its remaining infrastructure projects. Indonesia recorded a 464.3 trillion rupiah ($30.64 billion) fiscal deficit in 2022, or 2.38% of gross domestic product, based on unaudited data, the government said last month. It expects a fiscal deficit of 2.84% of GDP in 2023 and, according to Finance Minister Sri Mulyani Indrawati, a 2024 state budget deficit in a range of 2.16% to 2.64% of GDP.