Indonesia Books Lower-than-Expected 2024 Fiscal Deficit

January 06, 2025, 03.24 PM | Source: Reuters

ILUSTRASI. Menteri Keuangan Sri Mulyani Indrawati (tengah) bersama para Wakil Menkeu dan Dirjen Kemenkeu pada jumpa pers APBNKita di Jakarta, Selasa (11/12/2024). Anggaran Pendapatan dan Belanja Negara (APBN) mencatat defisit Rp 401,8 triliun per akhir November 2024. Menkeu menjelaskan, defisit itu disebabkan karena belanja negara yang lebih besar dibandingkan pendapatan negara. (KONTAN/Cheppy A. Muchlis)

MACROECONOMICS - JAKARTA. Indonesia's unaudited budget deficit for 2024 was smaller than the government's earlier estimate, official data showed on Monday, providing a buffer for fiscal needs in 2025 after authorities cancelled a planned tax hike.

Southeast Asia's largest economy closed 2024 with a budget gap of 507.8 trillion rupiah ($31.38 billion), or 2.29% of GDP, smaller than an earlier estimate of 2.7% of GDP, but wider than 2023's gap of 1.61% of GDP.

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