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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

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...