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Indonesia 2019 fiscal deficit seen widening up to 2.2% of GDP

Christian Fernsby |
INDONESIA'S fiscal deficit in 2019 is seen widening to around 2.0 per cent to 2.2 per cent of gross domestic product (GDP), a finance ministry official said.

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Luky Alfirman, the head of the department in charge of deficit financing, said that markets should not worry about the health of the budget, stressing that government spending would still be used in a "counter cyclical fashion, but prudently".

There would not be any budget cut for productive spending, but some operational allocations may be slashed, Mr Alfirman said in a news conference, without providing details.

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