Indonesia's 2024 budget deficit at 2.3% of GDP, smaller than expected

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Indonesia's 2024 budget deficit at 2.3% of GDP, smaller than expected - Channel News Asia

Quick Summary:

JAKARTA :Indonesia's unaudited budget deficit for the 2024 fiscal year was 507.8 trillion rupiah ($31.38 billion), or 2.29 per cent of GDP, smaller than the finance ministry's earlier estimate but bigger than that of 2023, official data showed on Monday.

The "Free Nutritious Meals" programme, which has a budget of 71 trillion rupiah, was scheduled to begin on Monday.

Southeast Asia's largest economy had previously estimated a budget gap of 2.7 per cent of GDP for all of 2024.