JAKARTA (Bloomberg): Indonesian lawmakers gave the official nod to the 2023 state budget that seeks to shrink the deficit to less than 3 per cent of gross domestic product despite rising threat of inflation.
Parliament passed the budget into law in a plenary meeting on Thursday, endorsing a record spending of 3.06 quadrillion rupiah (US$200 billion) next year to sustain growth set at 5.3 per cent.
Already a subscriber? Log in
Get 20% OFF The Star Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
