Indonesia's Parliament approves 2023 budget amid price pressure


mulyani

JAKARTA (Bloomberg): Indonesian lawmakers gave the official nod to the 2023 state budget that seeks to shrink the deficit to less than 3 per cent of gross domestic product despite rising threat of inflation.

Parliament passed the budget into law in a plenary meeting on Thursday, endorsing a record spending of 3.06 quadrillion rupiah (US$200 billion) next year to sustain growth set at 5.3 per cent.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Indonesia , parliament , budget

   

Next In Aseanplus News

Losing cash to love in a ‘flash’
High-ranking military official under probe
Four-minute toilet break stalls over a hundred trains
‘It violates religious freedom’
Landslides kill at least 27 in Sumatra
Jokowi’s son-in-law voted as governor
Parliament suspended over Adani row
Cities scramble amid cold snap
Seoul hit by heaviest snowfall in over 100 years
China teacher’s affair with student exposed when chat messages projected on class big screen

Others Also Read