indonesiaeconomy
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...
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The growth is supported by exports and domestic consumption that ought to be maintained.
JAKARTA, KOMPAS.com \- Indonesia's Central Bank (BI) Governor Perry Warjiyo said that the national economic growth would reach 5.2 percent in 2022, supported by exports and domestic consumption that ought to be maintained. Meanwhile, in 2023, he estimated that economic growth could reach 4.6 to 5.3 percent or higher than the global growth of 2.6 percent. “Hence, our economic growth is higher than (that of) the world, even higher than other developing countries. Of course, we must encourage exports, carry out downstreaming, and strengthen the people's economy," Warjiyo said at the webinar "Nati...
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