Indonesia records US$2 billion budget surplus in January, finance minister says

Indonesia's Finance Minister Sri Mulyani Indrawati (left) gestures to Australia's Treasurer Josh Frydenberg (R) during their bilateral meeting on the sidelines of the G20 finance ministers and central bank governors meeting in Jakarta on February 17, 2022. - AFP

JAKARTA, Feb 25 (Reuters): Indonesia booked a US$2 billion budget surplus in January as tax revenues soared amid a stronger economic recovery from the pandemic and high commodity prices, its finance minister has announced.

Sri Mulyani Indrawati said the surplus underscored Indonesia's sound fiscal position and reaffirmed other economic indicators showing the recovery in Southeast Asia's largest economy has continued this year, after GDP growth accelerated to 5% in the final quarter of 2021.