Government Projects 5.7% Budget Deficit in 2021

Economics & Macro

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Dimas Jarot Bayu 14/10/2020 09:00 WIB

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The government projected a 2021 state budget deficit of Rp 1,006.4 trillion, or 5.7% of GDP.

Indonesia's State Budget Deficit 2015-2021

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Government Projects 5.7% Budget Deficit in 2021

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Indonesia's State Budget Deficit 2015-2021

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The government has projected a 2021 state budget (APBN) deficit of Rp1,006.4 trillion, or 5.7% of GDP. This figure has changed from the July 2020 APBN deficit projection of 5.2% of GDP.

Finance Minister Sri Mulyani stated that this deficit is in line with efforts to continue handling the Covid-19 pandemic and national economic recovery, while potential revenue has not yet fully recovered. The budget deficit has taken into account a gradual, fiscally consolidative policy to return to the maximum limit of 3% of GDP by 2023.

Editor : Muhammad Ahsan Ridhoi

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."