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.
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.
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.
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 rises to 20.1 billion USD World

Indonesia’s budget deficit rises to 20.1 billion USD

Indonesia’s Finance Ministry has announced that the country’s state budget deficit increased to 281.9 trillion Rp (20.1 billion USD) or 1.8 percent of the gross domestic product (GDP) in October 2019, higher than the same period year earlier of 229.7 trillion Rp or 1.56 percent of GDP.
Public debt poses big risk to Vietnam Business

Public debt poses big risk to Vietnam

The state budget deficit, which regularly remains at a high level, and rising public debt are among the biggest macro-economic risks facing Vietnam, making it more difficult for the government to help the economy head towards growth, said Professor Tran Tho Dat, Principal of the National Economics University (NEU).