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Indonesia's state budget at deficit of $2.3 billion - Finance Minister
Written by nuke
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Aerial view of Sudirman Business District in Jakarta, Indonesia October 25, 2017. REUTERS/Beawiharta/file photo -
Indonesia's state budget showed a deficit of 35 trillion rupiah ($2.26 billion) for the period of January through to December 12, or 0.17 per cent of gross domestic product, its finance minister said on Friday.
The budget has turned to a deficit since October as spending catches up with revenues.
Total revenues for the period were 2,553.2 trillion rupiah, nearly reaching the full-year target. Total spending was at 2,588.2 trillion rupiah or around 17 per cent short of the full-year allocation, Finance Minister Sri Mulyani Indrawati told a press conference.
The government has estimated the budget deficit this year would be below 2.3 per cent of GDP, down from 2.35 per cent in 2022//CNA-VOI
