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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

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

Jakarta

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

sentifi.com

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