Indonesia finance minister sees 2021 budget deficit smaller than 5.4% of GDP

Sri Mulyani told a virtual forum on Monday (Oct 11, 2021) with the Institute of International Finance that Indonesia's economic recovery has picked up since late August, after Covid-19 cases started to decline following a devastating spike in July. - Image from Jakarta Post/ANN

JAKARTA, Oct 11 (Reuters): Indonesia's fiscal deficit may narrow to less than 5.4% of gross domestic product this year, due to the commodity boom and economic recovery following its deadliest Covid-19 wave, its finance minister Sri Mulyani Indrawati said on Monday.

Sri Mulyani told a virtual forum with the Institute of International Finance that Indonesia's economic recovery has picked up since late August, after Covid-19 cases started to decline following a devastating spike in July.