JAKARTA (Reuters) – Indonesia’s funds deficit for fiscal 2024 is decrease than the federal government’s most up-to-date estimate of two.7% of gross home product, Finance Minister Sri Mulyani Indrawati mentioned on Thursday.
With out mentioning the precise determine, Sri Mulyani mentioned the deficit was virtually as slim as the federal government’s unique plan to maintain the fiscal hole at 2.29 % of GDP.
“This can be a exceptional outcome,” Sri Mulyani mentioned at an occasion marking the opening of the inventory marketplace for the brand new yr.
“This implies we closed out 2024 with a comparatively wholesome and safe funds that may present a strong foundation for heading into 2025.”
General revenues confirmed optimistic development, however remained beneath goal, she mentioned.
Expenditures elevated by greater than 6% in comparison with 2023 because of bills associated to elections, building of the brand new capital undertaking and extra social packages, the minister added.
Extra particulars will probably be revealed later, Sri Mulyani mentioned.
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