English Version
| Wednesday, 24 January 2018 |
Indonesia Version

Tuesday, 23 January 2018 | 21:20
KPK: Setya Novanto Admits Guilt by being Justice Collaborator KPK Deputy Chairman is still unsure whether Setya Novanto`s
proposal in being a justice collaborator will be accepted by
Tuesday, 23 January 2018 | 20:48
Viral BMKG Letter of a 7.5 Magnitude Earthquake is a Hoax BMKG warned the public that the viral message of an impending
7.5 magnitude aftershock is a hoax.
State Budget Deficit Reaches 2.14 Percent
Finance Minister Sri Mulyani. TEMPO/Eko Siswono Toyudho
Monday, 28 November, 2016 | 11:06 WIB
State Budget Deficit Reaches 2.14 Percent

TEMPO.CO, Jakarta - Finance Minister Sri Mulyani Indrawati said that the 2016 Revised State Budget deficit as of November 2016 had reached 2.14 percent of the Gross Domestic Product (GDP). Sri predicted that the deficit will continue to increase to 2.7 percent until the end of the year, or equals to Rp. 338.8 trillion. "Currently, financing has almost been disbursed completely," Sri said in Bogor last weekend.

Askolani, Director General of Budgeting of the Finance Minsitry added that the 2.14 percent number is lower compared to the deficit recorded in the same period last year, which reaches up to 2.46 percent. "This is our baseline to monitor the 2016 State Budget and to implement the 2017 State Budget," Askolani said.

In order to prevent the deficit from going over 2.7 percent, Askolani said that the Indonesian Government will attempt to control its spending by applying strict control on budgets and conduct savings. "Regional transfers will also be maintained to save and control [the budget]," Askolani said.

The Government has set limit for budget deficit for the 2017 State Budget at 2.41 percent, according to Askolani, while adding that the government will continue to make effort to lower the number later in the future. "And there will be increasing revenues and [more controlled] spending," Askolani explained.


via Facebookvia TEMPO ID


Disclaimer: The views expressed in the comments sections are personal responses that do not represent the editorial policy of tempo.co. Our editorial staff reserves the right to moderate or take down comments that contain harassment, intimidation and discrimination against ethnicity, religion, race, and inter-group relations.