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Indonesia parliament body approves $161.7 billion budget for 2019

Staff Writer | October 30, 2018
The Indonesian parliament's budgetary committee on Tuesday approved President Joko Widodo's 2019 budget without many changes from his August proposal, but an opposition party criticised an expansion of the president's social programmes.
Joko Widodo
Asia   President Joko Widodo
The committee approved a slightly larger budget of 2,461.1 trillion rupiah ($161.65 billion) than Widodo had proposed, but the fiscal deficit target was kept at 1.84 percent of GDP, the chairman of the committee Aziz Syamsuddin said.

The deficit target is the lowest in years and Finance Minister Sri Mulyani Indrawati said it will provide room for the government to deal with global uncertainty next year.

The 2019 budget is Widodo's last in his first term. He is running for reelection next year and is facing former military general Prabowo Subianto in the contest.


 

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