JAKARTA, April 25 (Reuters/Xinhua): Indonesia ran a budget deficit of 144.2 trillion rupiah (US$9.93 billion) as of the end of March, or 0.82% of GDP, as tax revenues shrank while spending rose to support economic recovery, the finance ministry has announced.
Total government spending increased by 15.6% year-on-year to 523 trillion rupiah, while total revenue rose by just 0.6% amid a 5.6% contraction in income from tax payments.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!