Finance Minister Sri Mulyani discusses the 2022 state budget at a press conference at the ministry’s building in Jakarta on Aug 16, 2021. - Finance Ministry/Public relation team
JAKARTA (The Jakarta Post/ANN): The macroeconomic assumptions of a recently released 2022 state budget draft reflect the expectation that Indonesia’s economy will largely return to pre-pandemic conditions by 2022, a postponement of predictions outlined in the 2021 budget.
The 2022 draft presumes that some key macroeconomic indicators such as gross domestic product (GDP) growth, the inflation rate and the poverty rate will return to levels seen in 2019 or earlier by next year, but economists warn that downside risks loom.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
