Indonesia parliament approved a $190 billion or 2,714.2 trillion rupiah for the 2022 state budget, aiming to maintain recovery momentum in the economy in 2022 resulting from the COVID pandemic.
The 2022 budget expects economic growth at 5.2%, while the fiscal deficit is set below 3% of gross domestic product (GDP) in 2023.
While the 2022 fiscal gap is targeted at 4.85% of GDP based on this year’s estimation. To read more, click.
Source: Reuters
Picture by ayudiafatma
