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Indonesia posts nearly $9 billion budget surplus in Jan-May

Indonesia posts nearly $9 billion budget surplus in Jan-May

FILE PHOTO: An employee wearing a face mask and synthetic gloves 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 posted a 132.2 trillion rupiah ($8.91 billion) fiscal surplus or 0.74 per cent of GDP in the first five months of the year, its finance minister said on Thursday, in contrast with a 1.3 per cent of GDP deficit in the same period in 2021

Government revenue was up by 47.3 per cent on a yearly basis to reach 1,070.4 trillion rupiah in the January-May period, supported by high commodity prices and an improving domestic economy, while spending shrank 0.8 per cent to 938.2 trillion rupiah, Sri Mulyani Indrawati told an online news conference.

($1 = 14,835.0000 rupiah)

Source: Reuters

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