Indonesia keeps budget deficit target at 5.7pct of GDP despite bigger COVID-19 budget

23-Jul-2021 Intellasia | CNA | 5:02 AM Print This Post

Indonesia’s budget deficit target will be kept at 5.7 per cent of gross domestic product and the government will cut allocation for other areas to cover for rising spending on health care and welfare programmes, its finance minister said on Wednesday (July 21).

Sri Mulyani Indrawati also said in an online news conference that 150.8 trillion rupiah of the government’s cash reserves will be used to reduce bond issuance target for the year.

The minister has previously announced the government has increased its COVID-19 response budget to 744.75 trillion rupiah (US$51.22 billion) from 699.43 trillion rupiah previously.


Category: Indonesia

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