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Indonesia's 2022 unaudited budget deficit at 2.38% of GDP -Finance Minister

03 Tháng Giêng 2023
Indonesia's 2022 unaudited budget deficit at 2.38% of GDP -Finance Minister © Reuters. FILE PHOTO: Indonesia's Finance Minister Sri Mulyani Indrawati speaks during a side event on the G20 Finance Ministers and Central Bank Governors Meeting in Nusa Dua, Bali, Indonesia, 14 July 2022. Made Nagi/Pool via REUTERS

JAKARTA (Reuters) - Indonesia recorded a 464.3 trillion rupiah fiscal deficit in 2022, or 2.38% of gross domestic product, based on unaudited data, its finance minister Sri Mulyani Indrawati said on Tuesday, much smaller than originally designed.

The government had initially targeted a budget deficit of 4.85% of GDP. Revenue collection, however, got a boost from higher commodity prices and the easing of COVID restrictions last year, prompting the government to revise down the deficit forecast several times.

The latest figure was below a forecast on Dec. 21, when President Joko Widodo said he expected a 2.49% deficit.

The resource-rich country recorded 2,626.4 trillion rupiah of revenue last year, up 30.6% from 2021 and about 16% bigger than the target, the minister told an online news conference.

The government spent 3,090.8 trillion rupiah, slightly below the planned amount and representing 11% growth from the previous year.

Southeast Asia's largest economy likely grew 5.2% last year, Sri Mulyani said. Economic growth in 2021 was 3.7% and the government is targetting a 5.3% GDP expansion this year.

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