Indonesia’s state budget showed a deficit of 35 trillion rupiah (USD2.26 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. – Reuters
