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Indonesia raises budget deficit to 6.34 percent of GDP

The Indonesian Government widened the state budget deficit to 6.34 percent of the gross domestic product (GDP), or 1,039.2 trillion IDR (73.28 billion USD), in the revised state budget 2020, from earlier 5.07 percent, or 852.9 trillion IDR.
Indonesia raises budget deficit to 6.34 percent of GDP ảnh 1Illustrative image (Source: Reuters)

Jakarta (VNA) - TheIndonesian Government widened the state budget deficit to 6.34 percent of thegross domestic product (GDP), or 1,039.2 trillion IDR (73.28 billion USD), in therevised state budget 2020, from earlier 5.07 percent, or 852.9 trillion IDR.

Finance Minister Sri Mulyani Indrawati saidat an online press conference on June 3 that the government will amend PresidentialRegulation No. 54 of 2020 on revision of the state budget 2020.

This is to help accommodate expenditures foreconomic recovery and COVID-19 handling, the minister noted.

The changes will boost the size of the 2020 budget to 2,738.4trillion IDR, she said.

According to Indrawati, the COVID-19 combat ispredicted to cost 677.2 trillion IDR, including 87.55 trillion IDR for health.

The government has also offered tax incentives worth 123.01billion IDR to private and State-owned enterprises./.
VNA
#Indonesian Government#Finance Minister Sri Mulyani Indrawati#Presidential Regulation No. 54#COVID-19#Vietnam#VietnamPlus#Vietnam news
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