Indonesia says 2024 budget deficit lower than 2.7% of GDP estimate

JAKARTA (Reuters) – Indonesia’s budget deficit for the 2024 fiscal year came in below the government’s most recent estimate of 2.7% of gross domestic product, Finance Minister Sri Mulyani Indrawati said on Thursday.

© Reuters. Indonesian Finance Minister Sri Mulyani gestures during an interview with Reuters, ahead of the ASEAN Finance ministers and central bank governors meeting in Jakarta, Indonesia, August 24, 2023. REUTERS/Willy Kurniawan

Without mentioning the exact figure, Sri Mulyani said the deficit was almost as narrow as the government’s original plan to keep the fiscal gap at 2.29% of GDP.

Details will be revealed at a later time, she said at an event marking the new year opening of the stock exchange.

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