Indonesia finance minister sees 2021 budget deficit smaller than 5.4pct of GDP

13-Oct-2021 Intellasia | Zawya | 5:02 AM Print This Post

Indonesia’s fiscal deficit may narrow to less than 5.4 percent of gross domestic product this year, due to the commodity boom and economic recovery following its deadliest COVID-19 wave, its finance minister Sri Mulyani Indrawati said on Monday.

Sri Mulyani told a virtual forum with the Institute of International Finance that Indonesia’s economic recovery has picked up since late August, after COVID-19 cases started to decline following a devastating spike in July.

The government has raised its COVID-19 relief budget to respond to rising cases. It’s previous 2021 budget deficit outlook was 5.82 percent of GDP.


Category: Indonesia

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