JAKARTA (Reuters) – Indonesia recorded a budget deficit of 4.65% of gross domestic product for last year, “far smaller” than initial estimates, as revenues surpassed their target, finance minister Sri Mulyani Indrawati said on Monday.
The government collected 2,003.1 trillion rupiah ($140.43 billion), she said, citing the latest unaudited data, while spending reached 2,786.8 trillion rupiah. Tax revenues were 19% bigger than in 2020 and about 104% of the target, Sri Mulyani said.
The government originally designed the 2021 budget with a 5.7% deficit estimate.
($1 = 14,264.0000 rupiah)
(Reporting by Gayatri Suroyo; Editing by Ed Davies)
