Indonesia’s massive 2022 budget gets key approval

“Next year is a very important year for us as we aim to maintain economic recovery while on the other hand implement efforts to get the budget condition healthy again and reach fiscal consolidation in 2023,” Finance Minister Sri Mulyani Indrawati (file pic) told the hearing. (

JAKARTA: Indonesia’s parliamentary budget committee yesterday approved President Joko Widodo’s 2022 budget with total spending of about 2,714 trillion rupiah (US$190bil or RM795bil), representing a fiscal deficit equal to 4.85% of gross domestic product (GDP).

The budget aimed to underpin an economic recovery next year with GDP slated to grow 5.2%, near the middle of a proposed 5.0%-5.5% range, committee chairman Said Abdullah announced, as the economy shakes off the impact of the coronavirus pandemic.