Indonesia parliament body, govt agree to widen 2021 fiscal deficit to 5.7% of GDP

The 2021 economic growth target was approved at 5%, the midpoint of the president's proposed range of 4.5%-5.5%, while the rest of the budget assumptions were approved by the budget committee without changes, said committee chairman Said Abdullah.

The official outlook for GDP this year is within a range of 1.1% contraction to 0.2% growth, versus 2019's 5% expansion.