Indonesia finance minister predicts smaller 2023 budget deficit

JAKARTA (Reuters): Indonesia will likely book a smaller-than-expected budget deficit this year, even after taking into account President Joko Widodo's new incentives to boost growth, which will be rolled out later in 2023, its finance minister said on Wednesday.

Without providing a new figure, Sri Mulyani Indrawati told a press conference the budget deficit for the whole of 2023 will be below her latest estimate of 2.3% of gross domestic product.