Skip to main content

Advertisement

Advertisement

Business

Indonesia govt sets 5.3per cent-5.9per cent GDP growth forecast for 2023

Indonesia govt sets 5.3per cent-5.9per cent GDP growth forecast for 2023

FILE PHOTO: People wearing protective masks shop at the Gasibu street market amid of the Coronavirus disease (COVID-19) pandemic in Bandung, West Java province, Indonesia, October 31, 2021. REUTERS/Willy Kurniawan

JAKARTA : Indonesia expects its economy to grow between 5.3per cent to 5.9per cent next year, supported by faster growth in household consumption and investment, government ministers said on Wednesday, compared with a 5.2per cent economic growth target for this year.

The government will use this growth assumption to set the state budget, which will be designed with a deficit of under 3per cent of gross domestic product, Finance Minister Sri Mulyani Indrawati said.

(Reporting by Gayatri Suroyo and Stefanno Sulaiman; Editing by Ed Davies)

Source: Reuters

Advertisement

Also worth reading

Advertisement