Indonesia sets 2022 GDP growth target at 5.2%
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. ■