- Advertisement -
JAKARTA- Indonesia’s unaudited budget deficit for the 2024 fiscal year was 507.8 trillion rupiah ($31.38 billion), or 2.29 percent of GDP, smaller than the finance ministry’s earlier estimate but bigger than that of 2023, official data showed on Monday.
Southeast Asia’s largest economy had previously estimated a budget gap of 2.7 percent of GDP for all of 2024. In 2023, it had a deficit of 1.61 percent of GDP.
The deficit forecast for 2025 is 2.53 percent of GDP.
- Advertisement -
In her presentation of the data, Finance Minister Sri MulyaniIndrawati described the 2024 deficit as “a foundation for an effective transition of government”, as Indonesia inaugurated Prabowo Subianto as its new president in October.
