Indonesia's 2024 budget deficit lower than 2.7% of GDP projection

MG News | January 02, 2025 at 11:37 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

January 02, 2025 (MLN): 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 (GDP).

The aforementioned information was stated by Finance Minister Sri Mulyani Indrawati on Thursday, as reported by Reuters.

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.

"This is a remarkable result," Sri Mulyani said at an event marking the new year opening of the stock exchange.

"This means we closed 2024 with a relatively healthy and safe budget that will be a strong foundation for us entering 2025", Sri Mulyani noted.

Overall revenue booked a positive growth, but came in below target, she said.

Spending grew more than 6% from 2023 due to expenditure for elections and the construction of the new capital city project, Reuters further added.

Additionally, there were increased costs for welfare programs, the minister added.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	179,927.05 365.01M	-1.27% -2314.73
ALLSHR	109,270.69 838.76M	-1.19% -1312.98
KSE30	53,705.71 89.34M	-1.33% -726.00
KMI30	253,531.92 109.38M	-1.32% -3382.29
KMIALLSHR	70,152.63 543.97M	-1.25% -888.68
BKTi	50,997.50 18.73M	-1.38% -715.26
OGTi	36,216.08 8.18M	-1.21% -443.50

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	63,125.00	64,680.00 62,605.00	-960.00 -1.50%
BRENT CRUDE	78.54	79.80 77.28	2.53 3.33%
RICHARDS BAY COAL MONTHLY	105.75	0.00 0.00	-1.15 -1.08%
ROTTERDAM COAL MONTHLY	118.00	0.00 0.00	0.65 0.55%
USD RBD PALM OLEIN	1,135.00	1,135.00 1,135.00	0.00 0.00%
CRUDE OIL - WTI	73.83	75.08 72.61	2.42 3.39%
SUGAR #11 WORLD	14.81	14.98 14.65	-0.07 -0.47%