JAKARTA (Reuters) -Indonesia’s price range deficit for the 2024 fiscal yr got here in under 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 slender as the federal government’s unique plan to maintain the fiscal hole at 2.29% of GDP.
“This can be a outstanding outcome,” Sri Mulyani mentioned at an occasion marking the brand new yr opening of the inventory alternate.
“This implies we closed 2024 with a comparatively wholesome and protected price range that will likely be a powerful basis for us getting into 2025.”
Total income booked a constructive progress, however got here in under goal, she mentioned.
Spending grew greater than 6% from 2023 resulting from expenditure for elections, building of the brand new capital metropolis challenge, and extra welfare programmes, the minister added.
Extra particulars will likely be revealed at a later time, Sri Mulyani mentioned.
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