JAKARTA. President Joko "Jokowi" Widodo has instructed his Cabinet to cut the 2017 state budget in order to facilitate a smooth transition to further cuts in the 2018 budget.The government targets economic growth at 5.6% in 2018 and plans to allocate Rp 2.2 quadrillion (US$165.03 billion) in spending to help achieve that.Jokowi says he wants the state budget reduced this year to make a benchmark for the 2018 state budget. Expenditure is set at Rp 2.08 quadrillion for this year.
Jokowi to cut 2017 state budget again
JAKARTA. President Joko "Jokowi" Widodo has instructed his Cabinet to cut the 2017 state budget in order to facilitate a smooth transition to further cuts in the 2018 budget.The government targets economic growth at 5.6% in 2018 and plans to allocate Rp 2.2 quadrillion (US$165.03 billion) in spending to help achieve that.Jokowi says he wants the state budget reduced this year to make a benchmark for the 2018 state budget. Expenditure is set at Rp 2.08 quadrillion for this year.