Indonesia's 2022 Budget Deficit at 2.38 Percent of GDP
The 2022 state budget deficit was recorded at 464.3 trillion rupiahs ($29.7 billion), down 40.1 percent compared to last year's deficit.
JAKARTA, KOMPAS.com \- Indonesia’s state budget deficit in 2022 reached just 2.85 percent of the gross domestic product (GDP), lower than the 4.50 percent target set in the revised state budget, Finance Minister Sri Mulyani Indrawati said on Tuesday, Jan. 3. "The 2022 state budget deficit was recorded at 464.3 trillion rupiahs ($29.7 billion), down 40.1 percent compared to last year's deficit of 775.1 trillion rupiahs ($49.6 billion). This shows a great fiscal consolidation. When compared to GDP, it is only 2.38 percent of the GDP," Indrawati told a press conference. Temporary state revenue re...