Indonesia's Parliament approves 2023 budget amid price pressure


mulyani

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.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Indonesia , parliament , budget

Next In Aseanplus News

ICJ genocide case 'flawed and unfounded': Myanmar government
Sri Lanka forces used sexual violence during Tamil separatist war: UN
Manet calls for unity on border issues, scam crackdowns
India hunts rampaging elephant that killed 20 people
Mobula 8 cleans 2.3 tonnes of trash from Kota Kinabalu waters
Hong Kong activist investor David Webb dies of cancer, social media posts show
KL cops probing neglect claims after infant sustains fractured femur
Sabah rep questions lack of 'good-faith compliance' with court order on 40% revenue share
Japan regulator to pause Chubu Electric nuclear power plant review pending report
Brunei expects heavy showers, strong wind gusts through Jan 16

Others Also Read