Indonesia Sees Higher 2024 Budget Deficit at 2.7% of GDP, Finance Minister Says

STATE BUDGET - JAKARTA. Indonesia's budget deficit this year is forecast to widen to 2.7% of gross domestic product on a estimated rise in spending due to the rupiah's depreciation and as tax revenue from the mining sector declines, its finance minister said on Monday.

The government's initial target was for a deficit of 2.29% for 2024, wider than 2023's deficit of 1.65%.