POST Online Media Lite Edition


Indonesia sets 2022 GDP growth target at 5.2%

Christian Fernsby |
The Indonesian parliament’s budget committee and the government have agreed to set a 2022 economic growth target of 5.2%, the committee’s chair Said Abdullah said on Tuesday.

Article continues below

The committee and the government also tentatively agreed to raise the 2022 spending plans to 2,714.2 trillion rupiah ($190.31 billion). That is up slightly from the president’s proposal in August of 2,708.7 trillion rupiah, assuming a similar increase in revenues.

The budget deficit target remains set at 4.85% of GDP. A wider parliamentary vote is needed for the 2022 budget.

What to read next

Indonesia posts 0.27 percent inflation in November
Indonesia suddenly cuts key rate to 4.25%
Indonesia records trade surplus in February, exports decline sharply