Indonesia parliament passes President Joko Widodo’s $185 billion 2021 budget

30-Sep-2020 Intellasia | Reuters | 6:02 AM Print This Post

Indonesia’s parliament on Tuesday approved President Joko Widodo’s 2,750 trillion rupiah ($185.19 billion) budget for 2021, with a fiscal deficit forecast of 5.7 percent of gross domestic product, speaker Puan Maharani said.

The budget, which had already been cleared by parliament’s budgetary committee, assumes a 5 percent economic growth and a state revenue target of 1,743.6 trillion rupiah.

The 2021 budget is only slightly bigger than the 2,739.2 trillion rupiah budget for this year. The forecast for 2020 fiscal deficit is 6.34 percent of GDP. ($1 = 14,850.0000 rupiah) billion-2021-budget-idUSJ9N2C2041


Category: Indonesia

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