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Indonesia fiscal deficit in 2022 seen in range of 4-4.5% of GDP - official

Indonesia fiscal deficit in 2022 seen in range of 4-4.5% of GDP - official

FILE PHOTO: An employee wears synthetic gloves as she counts Indonesia's rupiah banknotes at a currency exchange office amid the spread of coronavirus disease (COVID-19) in Jakarta, Indonesia, March 19, 2020. REUTERS/Willy Kurniawan

JAKARTA : Indonesia is expected to book a fiscal deficit within a range of 4-4.5 per cent of GDP due to stronger revenue performance, a finance ministry official said on Thursday.

Febrio Kacaribu, head of Fiscal Policy Agency, also said the country will still maintain its recovery momentum and book GDP growth of above 5 per cent this year.

"We are assessing the mounting risk of stagflation globally...nevertheless since 2021 and increasingly in 2022, the impact of commodity boom to our economy is largely more positive instead of negative," he said in an investor call.

Source: Reuters

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