Indonesia parliament approves 2018 budget

Indonesia parliament approves 2018 budget

An Indonesia Rupiah note is seen in this picture illustration June 2, 2017. (Reuters photo)
An Indonesia Rupiah note is seen in this picture illustration June 2, 2017. (Reuters photo)

JAKARTA: Indonesia's parliament has approved the government's proposed 2018 budget and its fiscal deficit target of 2.19% of GDP, deputy house speaker Taufik Kurniawan said on Wednesday.

The 2018 deficit target is lower than the official target of 2.92% of gross domestic product in the revised 2017 budget. 

The government is aiming for 2,220.7 trillion rupiah (5.4 trillion baht) in spending next year and expects revenue of 1,894.7 trillion rupiah, based on an assumption of GDP growing 5.4%.


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