You are here

Indonesia's fiscal deficit not likely to exceed legal limit

New finance minister confident it will not breach the 3% of GDP barrier, as lower expenditure makes up for less tax collected
Friday, October 31, 2014 - 05:50

Mr Brodjonegoro says the fuel subsidy won't be scrapped but would be cut 'as early as possible'.


INDONESIA'S fiscal deficit is not expected to exceed a legal limit this year as government spending has been lower than expected, the new finance minister said on Thursday, a step that would allow President Joko Widodo to avert a political crisis.

A shortfall in tax revenue

Market voices on:

Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at

Powered by GET.comGetCom