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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.

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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.


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