Indonesia to relax budget deficit limit amid virus

Mulyani Indrawati Indonesia

JAKARTA: Indonesia is planning to issue an emergency regulation to allow the government to manage a wider fiscal deficit and increase spending in response to Covid-19, a move that will effectively revise the state finances law, a minister said.

The 2003 state finances law caps the budget deficit at a maximum of 3% of gross domestic product (GDP) for a fiscal year.