Indonesia posts US$7.1bil Jan-Aug budget surplus, govt expects higher energy bills

Indonesian Finance Minister Sri Mulyani Indrawati said the government was still, however, expecting to pay large energy subsidies in the third and fourth quarters of this year. - Jakarta Post/ANN

JAKARTA, Sept 26 (Reuters): Indonesia had a budget surplus of 107.4 trillion rupiah ($7.10 billion) in the January to August period, equivalent to 0.58% of gross domestic product, its finance minister said on Monday, compared with a 2.26% deficit in the same period in 2021.

Finance Minister Sri Mulyani Indrawati said the government was still, however, expecting to pay large energy subsidies in the third and fourth quarters of this year.