Indonesian Finance Minister Chatib Basri has said the country’s budgetdeficit in 2014 is estimated to reach 209.5 trillion Rp (18.44 billionUSD) or 2.02 percent of gross domestic product (GDP).
Chatibtold the House of Representatives’ Budgetary Body on January 6 that thedeficit is larger than that projected in the draft 2014 state budget,which stood at 154.2 trillion Rp or 1.49 percent of GDP.
Hesaid, however, the deficit would be kept at between 1.7 percent and 1.8percent if there is an increase in tax revenue by raising the number oftax officers by 3,000 and by increasing incomings from tax resourcebases which have not yet been tapped.
Furthermore, theIndonesian Government has set targets for economic growth at sixpercent, inflation, 5.5 percent, three-month SPN interest rate, 5.5percent, and rupiah exchange rate at 10,500 Rp per one USD.
Indonesia’s crude oil price was set at 100-115 USD per barrel, oilpumping at 870,000 barrels per day and subsidised oil volume at 50.5million kilolitres./.
Chatibtold the House of Representatives’ Budgetary Body on January 6 that thedeficit is larger than that projected in the draft 2014 state budget,which stood at 154.2 trillion Rp or 1.49 percent of GDP.
Hesaid, however, the deficit would be kept at between 1.7 percent and 1.8percent if there is an increase in tax revenue by raising the number oftax officers by 3,000 and by increasing incomings from tax resourcebases which have not yet been tapped.
Furthermore, theIndonesian Government has set targets for economic growth at sixpercent, inflation, 5.5 percent, three-month SPN interest rate, 5.5percent, and rupiah exchange rate at 10,500 Rp per one USD.
Indonesia’s crude oil price was set at 100-115 USD per barrel, oilpumping at 870,000 barrels per day and subsidised oil volume at 50.5million kilolitres./.
