JAKARTA: Indonesian Finance Minister Sri Mulyani Indrawati (pic) said on Thursday (Jan 2) that the country's state budget deficit for 2024 was lower than the government's most recent forecast of 2.7 per cent of gross domestic product (GDP), reported Xinhua.
"The deficit is significantly below the predicted 2.7 per cent of GDP," Mulyani stated at the Indonesian Stock Exchange building.
According to her, the state budget deficit reached 1.81 per cent of GDP by November last year. She emphasised that this low deficit is an extraordinary achievement, noting that last year's state budget was concluded safely.
"The state budget for 2024 was closed in a healthier and more secured manner. This sets a strong foundation as we move into 2025," she added.
Regarding state revenue last year, the minister acknowledged that while it exceeded the previous year's amount, it still fell short of the target.
Meanwhile, Indonesian President Prabowo Subianto expressed his appreciation for maintaining fiscal stability amid global challenges.
"We can still manage the country's finances prudently, wisely, and carefully," he said on Thursday. - Bernama-Xinhua
