JAKARTA. Finance Minister Chatib Basri has said Indonesia’s budget deficit at the end of this year is estimated to reach 2.3 percent of gross domestic product (GDP), which is still lower than the budget deficit target of Rp 224.2 trillion (US$22.6 billion) or 2.38 percent of GDP as stipulated in the 2013 revised state budget (APBN-P). “The budget deficit at the end of this year is predicted to stand between 2.1 percent and 2.3 percent,” he said in Jakarta on Friday, as quoted by Antara news agency. Chatib said the predicted deficit had taken into consideration both the realization of tax revenues, which were likely to reach only 90 percent at the end of this year, and financing realization that would possibly fail to reach 100 percent.
Year-end budget deficit 2.3 percent: Minister
JAKARTA. Finance Minister Chatib Basri has said Indonesia’s budget deficit at the end of this year is estimated to reach 2.3 percent of gross domestic product (GDP), which is still lower than the budget deficit target of Rp 224.2 trillion (US$22.6 billion) or 2.38 percent of GDP as stipulated in the 2013 revised state budget (APBN-P). “The budget deficit at the end of this year is predicted to stand between 2.1 percent and 2.3 percent,” he said in Jakarta on Friday, as quoted by Antara news agency. Chatib said the predicted deficit had taken into consideration both the realization of tax revenues, which were likely to reach only 90 percent at the end of this year, and financing realization that would possibly fail to reach 100 percent.