Views Article – Sharenet Wealth

Asia, Forex

Indonesia parliament committee approves govt’s $190.4 bln 2022 budget

JAKARTA, Sept 28 (Reuters) – Indonesia’s parliamentary budget committee on Tuesday approved President Joko Widodo’s 2022 budget with a total spending of 2,714.2 trillion rupiah ($190.40 billion) and 4.85% of GDP deficit, committee chair Said Abdullah said.

That compared to the president’s proposed spending of 2,708.7 trillion rupiah in August. The 2022 budget assumes economic growth of 5.2%, out of the proposed 5.0%-5.5% range.

A wider parliamentary vote is still needed, but the committee’s endorsement is usually passed. ($1 = 14,255 rupiah) (Reporting by Fransiska Nangoy; Editing by Martin Petty)


© 2019 Thomson Reuters. All rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. "Reuters" and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.