US Edition6 Articles
6 Articles
The way to achieve fiscal consolidation began in 2025 and although the federal government has tightened its seat on spending, analysts estimate that expectations will not be met. For this year, the Ministry of Finance and Public Credit (SHCP) estimates that the deficit, in its broadest measure regarding the Public Sector Financial Requirements (RFSP), would be between 3.9 and 4.0% of GDP, from 5.7% in 2024, the highest in 30 years. However, anal…
Spending, deficit to increase
GOVERNMENT expenditure and budget deficit are expected to increase in the upcoming budget which will be delivered on Friday. Deputy Prime Minister and Minister of Finance Professor Biman Prasad said even if the debt-to-GDP ratio may have to go up, the economy would still be in a better position than what the coalition government had inherited. “We created a physical space, and even if we have to increase the expenditure in this budget, as a dome…
Sri Mulyani Vows State Budget Deficit Below Three Percent - British Chamber of Commerce in Indonesia
Indonesia’s State Budget deficit will be maintained below three percent, Finance Minister Sri Mulyani stated. “Indonesia is committed to keeping the deficit under control according to the limits set by the State Budget Constitution,” Mulyani remarked in a meeting with First Deputy Managing Director of the IMF Gita Gopinath in Jakarta on Friday, as she posted in her Instagram post. Mulyani explained that Indonesia continues to manage the State Bu…
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