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Indonesia posts US$2.01 bil budget surplus in January

Tan KW
Publish date: Thu, 22 Feb 2024, 11:57 PM
Tan KW
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JAKARTA Indonesia's budget surplus in January was at 31.3 trillion rupiah (US$2.01 billion) or 0.14% of gross domestic product, Finance Minister Sri Mulyani Indrawati said on Thursday.

Government revenues in January were recorded at 215.5 trillion rupiah or 7.7% of the full-year target, while spending was at 184.2 trillion rupiah or 5.5% of the total allocation.

The government plans to spend US$216 billion this year, with a fiscal deficit outlook of 2.29% of GDP and economic growth target of 5.2%.

Sri Mulyani has said that 2024's budget will be focused on safeguarding the economy from rising geopolitical tensions and completing remaining infrastructure projects.


  - Reuters


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