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Indonesia's Jan-Nov budget deficit at 1.81% of GDP

Published 12/11/2024, 02:25 AM
Updated 12/11/2024, 02:31 AM
© 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/File Photo
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JAKARTA (Reuters) - Indonesia's budget deficit for January to November was 401.8 trillion rupiah ($25.27 billion) or 1.81% of gross domestic product, its finance minister said on Wednesday.

Total (EPA:TTEF) revenue for the January-November period rose 1.3% in annual terms to 2,492.7 trillion rupiah ($156.63 billion), minister Sri Mulyani Indrawati said, while spending rose 15.3% to 2,894.5 trillion rupiah.

Sri Mulyani told a press conference the government expects the growth of revenue could be sustained going forward.

"We need to maintain the positive momentum," she added.

© 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/File Photo

The government has previously said the full-year 2024 budget deficit was expected at 2.7% of GDP.

($1 = 15,915.0000 rupiah)

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