President Joko Widodo pledged to continue efforts to support the economy amid uncertainties. - AFP
JAKARTA (REUTERS) - Indonesian President Joko Widodo on Friday (Aug 14) proposed to parliament a 2,747.5 trillion rupiah (S$253.8 billion) budget for 2021 and pledged to continue efforts to support the economy amid uncertainties surrounding the coronavirus pandemic.
The budget proposal, which represents only a 0.3 per cent increase compared with this year's spending plans, assumed growth in South-east Asia's largest economy will rebound to 4.5 to 5.5 per cent in 2021, following an official prediction of near flat growth this year.
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