Jakarta (VNA) – Indonesia’s budget deficitneared 26.28 billion USD during January - November, or 2.29 percent of thegross domestic product (GDP), compared to 1.8 percent of the GDP during thesame period last year.
Indonesian Finance Minister Sri Mulyani Indrawati told a recentpress conference that the government targeted booking a deficit of 2.26 percentlater this year, higher than the initial plan of 1.84 percent.
She attributed that to weak revenue collection amid slowingglobal economic growth.
As of the late November, Indonesia’s budget collection hit only119.2 billion USD, or 77.5 percent of the 2019 target.
Meanwhile, public spending was equivalent to 83.1 percent of theceiling budget for 2019, up 5.3 percent annually./.