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Indonesia posts narrowest budget deficit in six years in 2018

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Authorities' policy responses to the falling rupiah, which include jacking up interest rates, raising import taxes and delaying infrastructure projects, might hurt GDP growth, says the country's finance minister.

Jakarta

INDONESIA posted its smallest fiscal deficit in six years in 2018 and less than initially projected, despite turbulence in its financial markets due to capital outflows, its finance minister said on Wednesday.

The estimated budget gap last year was equal to 1.76 per cent of...

sentifi.com

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