FILE PHOTO: Indonesian Finance Minister Sri Mulyani Indrawati talks during the IMF conference in Jakarta, Indonesia February 27, 2018. REUTERS/Beawiharta
February 9, 2022
JAKARTA (Reuters) – Indonesia’s fiscal deficit is expected to narrow further this year to near 4% of its gross domestic product, compared with an initial forecast of a 4.85% gap, its finance minister told an investment forum on Wednesday.
Last year’s fiscal deficit was 4.65% of GDP, much smaller than the government’s expected 5.7% deficit.
Sri Mulyani Indrawati said she expected tax laws passed by parliament late last year to provide more revenue for the state coffers, allowing Indonesia to “restore fiscal space” and prepare for any potential shocks.
(Reporting by Stefanno Sulaiman and Gayatri Suroyo; Editing by Martin Petty)
Source: One America News Network
