JAKARTA (Reuters) – Indonesia’s state budget showed a deficit of 35 trillion rupiah ($2.26 billion) for the period of January through to December 12, or 0.17% of gross domestic product, its finance minister said on Friday.
The budget has turned to a deficit since October as spending catches up with revenues.
Total revenues for the period were 2,553.2 trillion rupiah, nearly reaching the full-year target.
Total spending was at 2,588.2 trillion rupiah or around 17% short of the full-year allocation, Finance Minister Sri Mulyani Indrawati told a press conference.
The government has estimated the budget deficit this year would be below 2.3% of GDP, down from 2.35% in 2022.
($1 = 15,480.0000 rupiah)
(Reporting by Stefanno Sulaiman; Editing by Kanupriya Kapoor)
