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budget

Indonesian Parliament's Key Committee Approves 2023 Budget

budget
the committee's chair Said Abdullah

KONTAN.CO.ID - JAKARTA. Indonesia's parliamentary budget committee and the government on Wednesday agreed on 2023 spending of 3,061.2 trillion rupiah ($205.31 billion), slightly higher than the proposed budget, the committee's chair Said Abdullah said.

The 2023 budget deficit target was agreed at 2.84% of the gross domestic product, Said told Reuters, slightly lower than the government's proposal in August of 2.85% of GDP.

Government has previously said it will make its budget healthier by reducing its deficit below 3% of GDP next year as required by the law.

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