Thailand approves budget for 2023 fiscal year World

Thailand approves budget for 2023 fiscal year

Thailand's cabinet on January 4 approved a 3.185 trillion THB (95.5 billion USD) budget for the 2023 fiscal year, up 2.74 percent, or 85 billion THB, from that of the previous year.
Thailand sets growth targets for 2023-26 World

Thailand sets growth targets for 2023-26

The Thai government is targeting economic growth of up to 4.2 percent under its medium-term fiscal policy framework for 2023-26, and plans to maintain a budget deficit to help the fragile economy.
Indonesia works to reduce state budget deficit World

Indonesia works to reduce state budget deficit

Indonesia's House of Representatives has approved the 2022 state budget bill, marking the beginning of the process of fiscal consolidation of the largest economy in Southeast Asia after nearly two years of heavy spending on COVID-19 response efforts.
Indonesia aims to reduce state budget deficit World

Indonesia aims to reduce state budget deficit

The Indonesian government aims to cut the State budget deficit to 868 trillion IDR (60.38 billion USD) from 939 trillion IDR, accounting for 4.85 percent of the gross domestic product (GDP) next year.
Malaysia raises budget deficit prediction World

Malaysia raises budget deficit prediction

Malaysia's budget deficit is expected to grow to 6.5-7 percent of Gross Domestic Product (GDP) this year from a previous forecast of 6 percent after taking into account recent economic stimulus packages announced by the nation’s Government.
Indonesia’s budget deficit hits almost 34 billion USD World

Indonesia’s budget deficit hits almost 34 billion USD

Indonesia’s state budget deficit had reached 500.5 trillion Rp (33.96 billion USD) by the end of August, equivalent to 3.05 percent of the country’s gross domestic product (GDP), Finance Minister Sri Mulyani Indrawati said on September 22.
Laos faces serious budget deficit  World

Laos faces serious budget deficit

An elevated fiscal deficit will result in growing public debt, which will ramp up pressure on Laos' debt servicing capacity amid the COVID-19 crisis, the Vientiane Times reported on August 21.
Indonesia raises budget deficit to 6.34 percent of GDP World

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: Central bank purchases 1.6 bln USD worth of G-bonds World

Indonesia: Central bank purchases 1.6 bln USD worth of G-bonds

Indonesia’s central bank (BI) has bought 1.6 billion USD worth of government bonds in the primary market, underlining its commitment to remain active in it as the country faces a burgeoning state budget deficit due to the rising cost of COVID-19 mitigation efforts.
Building material sector eyes boon Business

Building material sector eyes boon

The building material sector would be among the first to benefit from the Government’s efforts to speed up disbursement of public investment, which was identified as a growth driver as the COVID-19 pandemic cast a shadow on the economy.
Indonesia’s budget deficit forecast to reach 2.2-2.5 pct of GDP World

Indonesia’s budget deficit forecast to reach 2.2-2.5 pct of GDP

Indonesia's state budget deficit is expected to reach 2.2-2.5 percent of the country’s gross domestic product (GDP) this year as the new coronavirus-caused acute respiratory disease (COVID-19) has hindered global economic activities, Finance Minister Sri Mulyani Indrawati said.
Indonesia seeks to curb budget deficit World

Indonesia seeks to curb budget deficit

Indonesian Finance Minister Sri Mulyani Indrawati has forecast that Indonesia’s 2020 state budget deficit will potentially widen in the face of current global uncertainties.
Indonesia’s budget deficit predicted to widen to 2.8 percent World

Indonesia’s budget deficit predicted to widen to 2.8 percent

Indonesia’s 2020 state budget deficit is likely to further increase to 2.8 percent of the country’s gross domestic product (GDP), much higher than the government’s target, as tax reforms would result in lower revenue collection, according to local economists.